The Quality Inn & Suites is located on I-435 in northeast metro Kansas City. The hotel provides easy access – including shuttle service – to the Truman Sports Complex (home to both the Kansas City Royals baseball and Kansas City Chiefs football stadiums) and Worlds of Fun/Oceans of Fun theme parks (over 4 million visitors annually). Other demand generators include Ameristar and Harrah’s casinos, the Kansas City Zoo, Kansas Speedway and the Claycomo Ford Plant. Downtown Kansas City, and the Power & Light entertainment district, are just a short drive away.
The owners of the hotel have made many improvements to the property and they have been well received, with the hotel showing a revenue increase of 35% since 2015. The hotel is also performing well in 2019 with a 13% revenue increase through April and a 16% RevPar increase through March. Guests enjoy amenities such as a fitness center, outdoor seasonal pool and complimentary shuttle service to nearby attractions. Guestroom improvements include newer beds & a bedding package, and recently updated carpet and drapes.
Kansas City area hotels do not come to market often and there is a high level of demand for them. We expect a high level of interest on this offering with its increasing revenue and strong net income.