Executive Summary
$100,000 PRICE REDUCTION!!
This 63 room Express features all of the attributes of an attractive investment. The owners recently completed a comprehensive PIP (2015) and together with its 2 story vaulted lobby, the entry provides a first impression of quality. It is located on the first suburban I-70 interchange as one approaches Kansas City from the west, on the new K-7 interchange. Furthermore, it is located only 5 miles from the Legends at Village West entertainment district, which includes attractions such as the Kansas Speedway (NASCAR), Children’s Mercy Park (pro soccer stadium), Community America Ballpark (minor league baseball), Cabelas, the Schlitterbon KC Waterpark, Nebraska Furniture Mart, and the Hollywood Casino. Currently, the area attracts over 11 million visitors annually. In addition to all of the new retail and continued development, Cerner Corporation has completed the 1st phase of its 660,000 sq ft, $400MM corporate campus, which employs over 4,000. Children’s Mercy Park, an 18,500 seat stadium is home to Sporting Kansas City, KC’s professional soccer team is also located in the heart of the entertainment district. Furthermore, the hotel is also only minutes from the outdoor Providence Hospital Amphitheater, with a capacity of 18,000. Finally, through a joint venture between Sporting KC and the local government, a new $75 million dollar soccer complex and training facility was recently opened, with 12 field as and training facilities. This hotel profits from a unique guest mix of transient interstate, entertainment, government and corporate business.
According to seller’s contacts within IHG, a new 10 year flag would be available.
With increasing revenue, an interstate location, its proximity to major attractions and a recently completed PIP, this hotel should attract quite a bit of attention. If you are searching for these qualities in a hotel acquisition, this offering deserves your evaluation.
