Is Meth the New “Mold”

August 25, 2016 8:58 am

The manufacturing of methamphetamine leaves residues that can be quite toxic. As a result, regulations have been instituted to protect the public from housing where previous meth use and manufacturing took place. The original meth regulations were brought to be through the extensive use of residual housing to manufacture the meth products. Meth use and… View Article

ADA Compliance

May 31, 2016 3:25 pm

In the past, I have written about a variety of ADA (Americans with Disabilities Act) articles penned by others, including attorneys with ADA specialties. I have always been a big fan of Jim Butler and his global hospitality team, JMBM, based in CA. I don’t often run at Jim’s level of the hospitality business, but… View Article

Have we reached the price peak

April 8, 2016 8:56 am

For those of us who have been in this business long enough to experience numerous cycles, they all have similarities.  Since the recession, we have come off several years of significant expansion, including escalating prices.  Although we are emerging from a much deeper hole than past cycles, the expansion has been notable.  I am often… View Article

AirBnB

March 30, 2016 11:31 am

Many hoteliers I talk to are not that concerned about the impact of AirBnB.  However, our location in the Midwest might have something to do with that response.  If you are in a gateway city or similar high profile destination, you might think differently.  Check out the article posted in Hositality Business News regarding the… View Article

ADA lawsuits

March 11, 2016 10:46 am

My colleagues and I are inside more hotels than most people.  And we routinely see deficiencies relating to the American Disabilities Act. I am not an expert on the Act and therefore, I do not know if the deficiencies are related to the “reasonable accommodation” standards. However, I highly suspect many do not meet that… View Article

Lenders’ caution?

February 9, 2016 9:09 am

For those of us who have experienced multiple real estate cycles, we are looking for signs of overheating, and we are not the only ones.  Lenders are too.  The following links to an article by Fitch Ratings posted on Hotel Online, provides an overview you might find interesting. http://zmaildirect.com/tr/d/m3b737z3ad37z32v32h33938j35632837l32l00/109/435119

New web design

February 7, 2015 11:22 am

If you have browsed our website before, you may have noticed that we recently launched our new website design. We are commuted to provide our visitors with an easy to navigate site. Furthermore, we do not want you jump through hoops, just to review our listing portfolio, or to view basic, non confidential information. You… View Article

Profitable Super 8 – Just 40 minutes from the KC Metro Area

February 6, 2015 2:25 pm

Calling all hotel buyers looking to buy a profitable Super 8 in the Midwest!  All too often we are asked to call a buyer if we pick up a listing in the metro Kansas City area.  In this case, the Super 8 in Atchison, Kansas  is located only 40 minutes north of the metro area.  Why doe… View Article

Price Reduction – Harper Motel in southern Kansas

January 23, 2015 8:43 am

Leisure Real Estate Advisors, LLC announces a price reduction for the Harper Motel in Harper, KS.  This 22 key property, located just 40 minutes southwest of Wichita, is a perfect fit for a first time buyer. Key selling points for this motel include: Increasing revenue in both 2013 & 2014 ($237,000 in 2014) Strong NOI of… View Article

Brent Jaynes designated as a CoStar Power Broker

October 14, 2014 8:29 am

Brent has been made a recipient of the 2013 CoStar Power Broker award. The award is given to brokers who are leaders in investment property sales and in Brent’s case, it is in hotel real estate.

Price Reduction – Super 8 in Toledo, Iowa

November 5, 2013 9:59 am

Leisure Real Estate Advisors, LLC announces a price reduction of the Super 8 in Toledo, Iowa.  The list price has been reduced by $125,000 to $1,325,000. This 49 unit, 2-story Super 8 represents a solid opportunity to purchase a well established property in central Iowa.  The hotel is located directly on Iowa Highway 30, which is… View Article

New Hotel Opportunity at the Des Moines, IA Airport

October 19, 2013 10:00 am

Leisure Real Estate Advisors, LLC announces it has been retained as the exclusive marketing agent for the 128 key Days Inn & Suites located at the Des Moines, IA Airport. “This Days Inn & Suites, located at the Des Moines Airport, carries all of the attributes of a quality hospitality investment,” says Dave Jones, Senior… View Article

New Hotel Opportunity in Central Iowa

October 11, 2013 9:32 am

Leisure Real Estate Advisors, LLC announces it has been retained as the exclusive marketing agent for the 49 key Super 8 located in Toledo, IA. “Super 8 is an excellent flag for mid-market investors,” says Dave Jones, Senior Investment Advisor with Leisure Real Estate Advisors.  ”The Super 8 in Toledo represents a solid opportunity to… View Article

New Hotel Opportunity in Dodge City Kansas

September 23, 2013 8:20 am

Leisure Real Estate Advisors, LLC announces it has been retained as exclusive marketing agent for a 54 key Comfort Inn located in the heart of Dodge City, KS “Comfort Inn is a very attractive flag for mid-market investors and Dodge City is an active hospitality market,” says Brent A. Jaynes, managing partner of Leisure Real Estate Advisors…. View Article

LREA Adds 3 New Hotels for Sale in Kansas

September 9, 2013 8:16 am

Leisure Real Estate Advisors, LLC, is pleased to announce its appointment as exclusive marketing agent for three west-central Kansas hotels, the 71 unit Best Western Butterfield Inn, the 91 key America’s Best Value Inn – Vagabond, both in Hays, KS and the 58 unit Days Inn & Suites in Ellis, KS. All of the hotels… View Article

Another Bank Owned Hotel in Kansas City Sold

August 20, 2013 9:56 am

Leisure Real Estate Advisors, LLC, is very pleased to announce the successful closed sale of the Holiday Inn Express, Bonner Springs, KS. Bonner Springs is the first I-70 suburb as one approaches Kansas City from the West. Leisure Real Estate Advisors represented the Owner, Midamerican Investments, LLC, a REO subsidiary of a local regional bank…. View Article

Comfort Suites Wichita Airport – Deal Illustration

August 8, 2013 8:42 am

Leisure Real Estate Advisors, LLC, is very pleased to announce the successful sale of the Comfort Suites hotel located at the Mid-Continent Airport, Wichita, KS. Leisure Real Estate Advisors represented the Owner, Ladiwala Hospitality, LLC, in the transaction. S&B Motels, Inc, a Wichita, KS based company, purchased the 78 unit hotel for an undisclosed price…. View Article

LREA Appointed to Represent 2 More Properties in Missouri & Kansas

July 31, 2013 2:22 pm

Leisure Real Estate Advisors, LLC, is pleased to announce its appointment as exclusive marketing agent for two central US hotels, one in Kansas and the other in southwest Missouri, both under different ownerships. The 68 unit Country Inn & Suites is located in Nevada, MO and the other hotel is a Kansas Holiday Inn Express… View Article

Newer Hampton Inn Available for Unusually Low Per Key Price!

July 15, 2013 1:10 pm

Leisure Real Estate Advisors, LLC, is very pleased to announce its appointment as exclusive marketing agent for the Miami Oklahoma Hampton Inn.  Miami is located in northeast OK, half way between Tulsa, OK and Springfield, MO.  It is an interstate hotel (I-44 and the Oklahoma Turnpike), with great access to the lakes and to the… View Article

Looking Ahead to 2013!

January 16, 2013 9:23 am

2012 was a very good year for Leisure Real Estate Advisors, with 2013 looking very positive. One thing about hotel real estate that never seems to change… something is always happening with these assets. Even with the economic uncertainty, within our firm the number of transactions for cash flow deals has increased while the number… View Article

News & Updates from LREA

October 3, 2012 7:13 am

If you have not been receiving our “updates”, go to our website and register.  It is easy and all we need is your name and email address.  (We will never sell or provide your data to others).   We know everyone is inundated with information, so our “update” newsletters are brief and to the point.  That… View Article

New rates posted for the SBA 504 program

September 17, 2012 8:31 am

4.28% is the most recent 20 year rate for the SBA 504 program. As most of you know, this rate is fixed for 20 years, if held to full term. Based on the nature of these debenture loans, the published offered rate changes monthly. However, it is safe to say that the fixed nature of… View Article

SBA opens new doors

October 28, 2010 3:45 pm

Most of us in the hotel bidness have heard or read about the new SBA 504 and 7 (a) enhancements passed recently in HR 5297.   The highlights of the bill increased the maximums under the SBA 504 and 7 (a) loans to $5 million.  In the case of the 504, the $5M maximum (for hotels) could translate… View Article

Good News!!! Development pipeline has slowed.

September 14, 2010 9:39 am

According in today’s issue of Hotel News Now, STR/TRW/ Dodge is reporting a year over year decline of 24.2% in hotel construction starts. Every bit of positive news is helpful in today’s hospitality environment. I told one of my best owner clients to remain positive and he said he was… he said, “I am positive… View Article

Historically low rates for SBA 504

August 13, 2010 9:54 am

Check this out!!  The SBA posted its August rates for the 504 program and the effective rate is lowest it has been in 20 years.  The 4.93% is the effective rate, which means the fees are included in the rate calculation.  For those unfamiliar with the 504 program, the 4.93% is a fixed rate for 20… View Article

Leisure Real Estate Advisors has launched into the Blogosphere

July 31, 2010 7:21 am

Napoleon Hill, an American author, once said, “Don’t wait, the time will never be quite right”.  And so it is with Leisure Real Estate Advisors and network media.   I must admit, I have resisted for quite awhile, but we have finally taken the plunge into the blogosphere.  As a result, welcome to my 1st post.  At Leisure… View Article

STR forecast somewhat encouraging

September 1, 2009 7:35 am

Smith Travel Research, through its on-line daily e-news publication Hotel News Now, released its projections for year end 2010, with two of the three major indicators predicted to increase.  Year over year occupancy and RevPar are both expected to increase by approximately 4.3%, while ADR is projected to remain flat.  In our brokerage practice, I would concur with… View Article

Leisure Real Estate Advisors announce over $30 Million in sales

December 19, 2004 2:00 pm

(LEAWOOD- KS)– The sale of hotel assets within the midwest and nationally continue at a very active pace. Since the tragedy and terror of 9/11, the hospitality travel industry has steadily reclaimed lost business to generate record revenues in 2004. Industry pundits predict continued occupancy, rate and revenue growth through 2007. The revival of business… View Article

New Associate Hire

December 19, 2004 1:56 pm

Leisure Real Estate Advisors, LLC continues growth, hires new Associates (LEAWOOD, KS) — Brent Jaynes, Director of Real Estate for Leisure Real Estate Advisors, LLC proudly announced today the appointments of Rick Hagerman, Senior Associate – Kansas City and Mike Works as Senior Associate- in the newly formed Lincoln, NE office. Jaynes commented, “It is… View Article

Division of Leawood, Kansas, Leisure Group of Companies ranks in HOTEL BUSINESS®

December 19, 2003 1:57 pm

(LEAWOOD, KS) — Steve Olson, President and CEO of the Leisure Group of Companies, proudly announced today that its Leisure Development LLC division merited a number 84 ranking in the HOTEL BUSINESS® Top 100 Owners and Developers national list (September 7, 2003) and that its Leisure Real Estate Advisors division was included and quoted in… View Article

Continued Growth

December 19, 2003 1:53 pm

(LEAWOOD, KS) — Brent Jaynes, Director of Real Estate for Leisure Real Estate Advisors, LLC proudly announced today the appointments of Rick Hagerman, Senior Associate – Kansas City and Mike Works as Senior Associate- in the newly formed Lincoln, NE office. Jaynes commented, “It is with great pleasure that we announce Mr. Hagerman and Mr…. View Article

Among Top 100 Hotel Brokers in the Nation

November 27, 2000 2:01 pm

OVERLAND PARK,KS –  – Leisure Real Estate Advisors, L.L.C., has again ranked among the “Top 100 Hotel Brokers” in the nation according to Hotel Business, a leading trade publication. With offices in Overland Park, Kansas, and Denver, Colorado, Leisure Real Estate Advisors specializes in the marketing and sale of hospitality properties including inns, hotels, and… View Article