February 2, 2023 6:07 pm
LEISURE REAL ESTATE ADVISORS, LLC ANNOUNCES THE SALE OF THE ROCK PORT, MO TWO PROPERTY PORTFOLIO!
Leisure Real Estate Advisors, LLC, is pleased to announce the December sale of the 2 property portfolio, the Super 8 and the Rock Port Inn. The buyer was Fontella, Inc, a company with local holdings. The combined listing price was $2,150,000. “This portfolio generated a lot on activity, because of the cash flow and the reasonable revenue multiplier of each property”, comments Brent Jaynes, Managing Partner with Leisure Real Estate Advisors. “We fielded over 75 CAs and a dozen offers before settling on this well qualified buyer,” says Jaynes.
Leisure Real Estate Advisors, LLC, based in metro Kansas City, was the exclusive broker representing the Owner, a Kansas City based investor. The Owner had begun operating the hotels 20 years ago, and retirement was the reason for the sale.
The area, while rural, features strong demand generators including a location on I-29 halfway between Omaha and KC, an active interchange, a nationally known hunting area, a nearby nuclear reactor and wind energy.
Property Description:
- # of Keys: 75 (total)
- Listing Price: $2,150,000 (combined)
- Price per key: $26,666
- Interior Corridor: Yes, Super 8, No Rock Port Inn
- Included 8 acres with the Rock Port Inn
For more information on this sale or to discuss the investment market in general, please direct your questions to:
Brent A. Jaynes, Managing Partner
Leisure Real Estate Advisors, LLC
913-499-4731 or bjaynes@leisurerealestate.com