This 83-room Comfort Inn was recently re-branded and totally renovated. It went “LIVE” on the Choice system on 8/29/2019 and is 100% Truly Yours Design compliant. The new exterior paint and impressive stone accents provide both a pleasing sense of arrival and a first impression of quality. $1.6M has been invested into the property as part of the re-branding, including a total renovation of guestrooms and common areas. The Comfort Inn offers guests a variety of room types, including both Executive and Family Suites. Amenities include 42″ flat screen TV’s, granite vanities, a completely renovated indoor swimming pool and spa area, fitness room and guest laundry. The current STR compset supports an occupancy of 58% with a $107 ADR, and supports a stabilized room revenue of nearly $1.9M with a corresponding NOI of over $650K. At $78K per key, it is being offered at less than 30% below the cost of new construction.
The Comfort Inn is located on the first suburban I-70 interchange as one approaches Kansas City from the west, on the K-7 interchange. The hotel is located only 5 miles from The Legends at Village West, which includes attractions such as Kansas Speedway (NASCAR), Children’s Mercy Park (18,500 seat pro soccer stadium), T-Bones Stadium (6500 seat baseball stadium), Cabela’s, Nebraska Furniture Mart and the Hollywood Casino. Currently, the area attracts over 11 million visitors annually. The hotel is only minutes away from the outdoor Providence Hospital Amphitheater (capacity of 18,000) and a short drive from the new $75 million dollar Wyandotte Sporting Fields complex, a joint venture between Sporting Kansas City (professional soccer team) and the local government. This complex consists of 12 turf soccer fields and training facilities.
Kansas City area hotels certainly draw interest, and this newer, re-branded and totally renovated Comfort Inn is no exception. Its interstate location and close proximity to major attractions are important qualities in a hotel acquisition, and we feel this opportunity deserves your evaluation.