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Leisure Real Estate Advisors LLC, Announces the Sale of the
Columbia, Missouri, Staybridge Suites Hotel



October 24th, 2011
- Leisure Real Estate Advisors, LLC, is pleased to announce the successful sale of the Staybridge Suites hotel located in Columbia, MO. Leisure Real Estate Advisors represented the Owner, Hotel Columbia, LLC, in the transaction. LOF Columbia, LLC, purchased the 82 unit extended stay hotel for an undisclosed price. The listing price was $4,250,000. "This Staybridge received a high level of investor attention, given its price point, the flag and its I-70 location near Columbia Regional Hospital", comments Brent A. Jaynes, co-founder and managing partner of Leisure Real Estate Advisors. He goes on to say, "Columbia has experienced its challenges with regard to competition. However, it is recovering and will still be an attractive market based on the presence of the University of Missouri, a variety of strong corporate clients and the hospital."

LOF Columbia, LLC represents a lodging opportunity fund with ownership and management interests in other Staybridge hotels. The buyer will retain the Staybridge Suites franchise under a new agreement with IHG. The hotel was converted to the Staybridge brand in 2008 and LOF anticipates substantial additional product improvements. "Transacting hotel deals these days is no walk in the park. This transaction presented a number of different challenges and both parties worked diligently to produce the final result," said Jaynes.

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels. Over its 12 year existence, the company has become one of the premier hotel brokerage firms in the country. Mr. Jaynes further remarked, "Although this market presents its challenges, we are still seeing a good deal of activity, which is quite encouraging. If the fundamentals of the industry continue to improve, activity will increase and more deals will get done."

For more information on these investment opportunities or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
bjaynes@leisurerealestate.com
913-894-5252


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Contact:



Brent A. Jaynes, Managing Partner
Leisure Real Estate Advisors, LLC
bjaynes@leisurerealestate.com
913-499-4731

Leisure Group of Companies
4501 College Blvd Suite 275
Leawood, Kansas 66211
Phone - 913-905-1460
www.leisurehotel.com
info@leisurehotel.com

 

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Also See: Leisure Hotels and Resorts Provides Distressed Asset Management and Brokerage Services to 25 New Properties in 2011 with More to Come; A One-Stop Resource with a 20-Year Track Record of Stabilizing and Operating Troubled Assets / October 2011

Leisure Estate Advisors Announces the Sale of Two Bank Owned Hotels / July 2011

Leisure Estate Advisors Announces the Sale of the Staybridge Suites in West Des Moines, Iowa / July 2011

Local Banks Look to Leisure Real Estate Advisors to Dispose of Distressed Hotel Assets / May 2011

Leisure Real Estate Advisors Announces the Sale of the Hampton Inn, South Lincoln, Nebraska / October 2010

Leisure Real Estate Advisors, LLC Continues Growth; David Jones Appointed Investment Associate to the Kansas City Office / April 2009

Leisure Hotels Expands Receivership Services for Distressed Hotel Assets; A One-Stop Resource with a 20-Year Track Record of Stabilizing and Operating Troubled Assets / April 2009
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