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Leisure Real Estate Advisors, LLC Announces the
Sale of Staybridge Suites, Wichita, Kansas



Feb 12th, 2013 - Leawood, KS (Metro Kansas City) - Leisure Real Estate Advisors, LLC, is pleased to announce the successful sale of the Staybridge Suites located in east Wichita, KS. Leisure Real Estate Advisors represented the owner, Keystone-DKC, LLC, in the transaction. KAJ Management, LLC purchased the 88 unit extended stay hotel for an undisclosed price. The listing price was $8,800,000. "Given the brand, location, and the cash flow, the Staybridge received a high level of investor attention. We were excited about representing this property and KAJ purchased a very nice asset", comments Michael Works, Senior Associate Broker with Leisure Real Estate Advisors, LLC, and managing broker of the Lincoln, NE office. He goes on to say, "The K-96 loop in eastern Wichita is well known for its vibrant business climate. In addition, the hotel's location new near area developments, such as Cabellas and KU Medical Center campus were motivating factors", says Works.

The buyer will retain the Staybridge flag under a new agreement with IHG. The Staybridge Suites is located at Greenwich and K-96 Hwy, convenient to noted corporate clients such Koch Industries, Hawker Beechcraft, Boeing, and Flight Safety.

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with offices in Lincoln, NE and Jefferson City, MO. Its sole emphasis is a specialty concentration in the marketing and sale of hotels. Over its 14 year existence, the company has become one of the premier hotel brokerage firms in the central US. "Although this market is still a ways from being recovered, we are experiencing a good deal of activity, which is quite encouraging. In the end, if a hotel has attractive cash flow, it will get attention", comments Brent A. Jaynes, Managing Partner.

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

Michael A. Works
Broker Associate
Leisure Real Estate Advisors
mworks@windstream.net

  402-416-3522

Brent A. Jaynes

Managing Partner
Leisure Real Estate Advisors
bjaynes@leisurerealestate.com
913-894-5252

Company Contact:

Leisure Group of Companies
5000 W 95th Street Suite 100
Prairie Village, Kansas 66207
p (913) 894-5252
p (888) 883-5252
www.leisurerealestate.com
info@leisurehotel.com

 

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Also See: Leisure Real Estate Advisors LLC, Announces the Sale of the Best Western Holiday Manor Hotel - McPherson, Kansas / June 2012

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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