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Submission: On July 16 via api from US — Scanned from DE
Effective URL: https://platform.reverecre.com/api/view-email/7636380d-8b2b-454b-8022-d79963ecf190
Submission: On July 16 via api from US — Scanned from DE
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Trouble viewing this email? View in browser instead. SONESTA SELECT KANSAS CITY AIRPORT TIFFANY SPRINGS Virtual Deal Room OPPORTUNITY OVERVIEW HREC Investment Advisors is pleased to offer for sale the fee simple interest in the 149-room Sonesta Select - Kansas City Airport Tiffany Springs (herein referred to as the “Property” or “Hotel”), located in Kansas City, Missouri. The Hotel is being offered unencumbered of management and encumbered of brand, with a buyer entering into a new long-term franchise agreement with Sonesta. The Hotel is located directly off Interstate 29, providing convenient access to Kansas City International Airport, which is approximately five miles away from the Hotel, as well as downtown Kansas City. Originally constructed in 1990, the Property underwent conversion to a Sonesta Select in 2021. The Hotel is surrounded by various businesses in Kansas City’s northern suburbs, including the National Weather Service Training Center, Aviation Technical Services, fulfillment centers for CVS Health and Cencora, a data center for Mastercard, and two major automotive assembly plants. Furthermore, Fort Leavenworth, the third-oldest active military installation in the United States, is located across the river in Kansas. For leisure travelers, the Hotel is a short drive away from the Kansas City Expo Center, five premier casinos, two youth sports complexes, the T-Mobile Center, and the National World War I Museum and Memorial. The three-story Sonesta Select features interior corridors and provides select-service amenities, including an airport shuttle, ±1,240 square feet of meeting space, a casual-dining restaurant for breakfast and dinner as well as hand-made coffees and alcoholic beverages, fitness center, indoor pool, and laundry facilities. Each room is well-equipped with a desk, ergonomic chair, coffee maker, and complimentary Wi-Fi. The affiliation with Travel Pass by Sonesta provides additional benefits in expanding demand channels for bookings. The Sonesta Select – Kansas City Airport Tiffany Springs presents an attractive, value-add investment opportunity for a potential investor to increase RevPAR penetration, attracting more group business, and capitalizing on the advantageous location. This location provides convenient access to a major airport, multiple corporate offices, downtown Kansas City, and the broader Kansas City area. Virtual Deal Room INVESTMENT HIGHLIGHTS * Close Proximity to the Newly Renovated Kansas City International Airport * Easily Accessible Location off Interstate 29 * Significant RevPAR Penetration Upside * Offered at Pricing Well-Below Replacement Cost * Offered Unencumbered by Management * Fee Simple Interest Contact Information Herb Warmbrodt Principal hwambrodt@hrec.com (505) 490-7000 MO Broker License #1999020377 Monty Levy Managing Director mlevy@hrec.com (404) 660-6005 Please DO NOT contact the staff, management, or ownership of the Properties to request additional information or to arrange a site tour. For more information on this investment opportunity, please execute the confidentiality agreement, or contact an HREC IA representative. Hotel information will be provided subject to Seller and HREC discretionary approval. Execution of the CA does not create any form or type of agreement or relationship. Copyright © 2024 HREC IA, All rights reserved DISCLAIMER: Revere CRE Inc. is not a registered securities dealer or broker, investment advisor, or lender. Revere CRE Inc. is a commercial business consulting firm. Revere CRE Inc. makes no warranties or representations whatsoever. All due diligence is the responsibility of the correspondent. Revere CRE Inc. is not responsible for any third-party costs and makes no warranties or representations as to any transaction, buyer, seller, borrower, or lender. Revere CRE Inc. also accepts no responsibility or liability for any fees paid to any third parties. Any correspondence from Revere CRE Inc. is not to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the recipient hereby acknowledges and accepts this disclaimer. If acknowledgment is not accepted, it is the recipient's responsibility to delete, destroy and return any and all documents in their original condition to sender. Revere CRE Inc. and its employees are not lenders and do not make loans or credit decisions. This message does not constitute an offer to buy or sell securities nor is it a solicitation to lend. Providing your information on our web site or via email does not guarantee that you will be approved for service of any kind. Revere CRE Inc. and its employees are not agents, representatives or contracted brokers of any lender and will not charge you any upfront fees for any such service. Unsubscribe Revere CRE, Inc. 8 The Green Suite 10664 Dover, DE 19901