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Leisure Real Estate Advisors LLC, Announces the Sale of the
Best Western Holiday Manor Hotel - McPherson, Kansas



June 15, 2012 - Leisure Real Estate Advisors, LLC, is pleased to announce the successful sale of the Best Western Holiday Manor hotel located in McPherson, KS. Leisure Real Estate Advisors represented the Owner, a pair of local families, who had owned the hotel for 25 years. Sagar, Inc, a Kansas City area based company, purchased the 109 unit quasi full service hotel for an undisclosed price. The listing price was $3,750,000. “Because of its cash flow, this BW received a high level of investor attention. Plus, it represents the nicest meeting facilities in the local market, and the owner had created an ideal business model for the hotel,” comments Brent A. Jaynes, co-founder and managing partner of Leisure Real Estate Advisors. The deal involved a long term leasehold interest with a franchisee of Montana Mike restaurants. “Anytime one introduces a leasehold interest into the equation of a hotel deal, it elevates the complexity”, observes Jaynes. In this instance, the leasehold was with a strong operator, which also benefited the hotel. Sagar, Inc will retain the Best Western flag and will continue the same level of operations.

“This deal represented a sale between two seasoned and fair businessmen. It was a pleasure working with each in getting this deal closed,” concluded Jaynes.

  Leisure Real Estate Advisors, LLC is based in metro Kansas City, with offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sale of hotels. Over its 13 year existence, the company has become one of the premier hotel brokerage firms in the central US and has been recognized by Hotel Business and Hotel Motel Management magazines for its performance.

For more information on these sales or to discuss the investment market in general, please direct your questions any of the brokers or to:
 
Brent A. Jaynes
Managing Partner
bjaynes@leisurerealestate.com
913-894-5252

Company Contact:

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 Real Estate Advisors LLC, Announces the Sale of Two More Bank Owned Hotels / June 2012

Leisure Real Estate Advisors LLC, Arranges the Sale of Two Additional Bank Owned Hotels / March 2012

Leisure Real Estate Advisors LLC, Announces the Sale of Three More Bank Owned Hotels / January 2012

Leisure Real Estate Advisors LLC, Announces the Sale of the Columbia, Missouri, Staybridge Suites Hotel / October 2011

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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