Location: 7508 Shawnee Mission Parkway E.
Price: $2,900,000 All Cash includes leased pad valued at 300,000
Rooms: 78
Price Per Key: $34,211
Property Type: Limited Service-Economy
Revenue: $727,764 includes land lease income

Description

• Completely renovated 2003, down to the studs  - All improvements are 2003 or later
• Includes pad site (land leased to Steak & Shake)
• Gold Award designation      Presidential Award certification
• Newer Roof – Main Building           
• Attractive renovated lobby w/granite countertops and tile floors
• Two Room Suites                                
• Extended Stay units with kitchenettes
• Guest Laundry     27” TV’s         HSIA     
• RV-Truck Parking  Renovated Pool/Wrought Iron Fencing
• Microwaves/Mini-fridges 
• Granite Vanities and  New Plumbing and Fixtures
• Newer HVAC’s  
• Newer Parking Lot, recently resealed and re-stripped  
• New Electrical Throughout 
• New Windows, All Rooms        

             

Overview

Leisure Real Estate Advisors has conducted hotel brokerage for over twenty years and this Howard Johnson is one of the finest conversions we have encountered. This bank owned asset was reclaimed and renovated to standards that exceeded the brand and the market, to the extent that over $3.4M was injected into the hotel. The new owner of this property will be able to step into ownership with very little capital requirements for the facility. With 78 units, one could easily sacrifice several units to create living quarters. Currently, the Howard Johnson’s franchise is due to expire and Econolodge would be available, if the new owner wished to convert. Or, the hotel could possibly retain HoJo or become independent. With the quality of the hotel, and over $700K in revenue, we believe this Kansas City metro area property will attract a lot of attention, and with the cost savings brought in by an onsite owner.

 

For additional information, please request a confidentiality agreement via email@
info@leisurerealestate.com or by calling 913-894-5252.  

Contact

Brent Jaynes ~ 913-894-5252
info@leisurerealestate.com

Additonal Information