- Brand Conversion Options, Some Offering Key Money
- Expected to Trade at a Low Basis
- Strong Submarket Within a Top-30 MSA
- Significant Upside to Market (RevPAR Over $18 Lower than Competitive Set)
- RevPAR Increased 3.9% Year-Over-Year
- 2011 Construction
- Clear Upside Through New Revenue Management Strategy and Expense Model with a Higher ADR
- Proximate to Ford Kansas City Assembly Plant, Arrowhead Stadium, Kansas City International Airport, National WW1 Museum, North Kansas City Hospital, Hallmark Distribution Center, and More
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to offer for sale the fee simple interest in the 83-room Sleep Inn & Suites located in Liberty, Missouri, a suburb of Kansas City. The hotel is a three-story property built in 2011 and located directly off Interstate 35. The hotel has underperformed the market and has been well below the competitive set RevPAR due to unusual circumstances and is likely best suited as a conversion.
Sleep Inn & Suites Indoor Waterpark Liberty provides the opportunity for a new owner to acquire a less than 15-year-old box at a very attractive basis in a strong submarket of a top-25 MSA with potential to realize significant RevPAR growth through renovation and an up-branding conversion to a Fairfield Inn by Marriott or similar. There are also other brands available who will likely offer key money.
LISTING AGENTS
Robert Hunter
Senior Managing Director Investments
National Hospitality Division
Fort Lauderdale Office
P: (954) 245-3473
E: Robert.Hunter@marcusmillichap.com
Lic #: FL: SL3241692 | AL: 00091540 | NC: LC738
BROKER OF RECORD
David Saverin
Missouri
P: (314) 889-2500
Lic #: 2008013520
