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Leisure Real Estate Advisors Announces the Sale of the
Best Western Kansas City Inn - Kansas City, Kansas



March 18th, 2013 – Prairie Village, KS (Metro Kansas City) - Leisure Real Estate Advisors, LLC, is pleased to announce the successful sale of the Best Western Kansas City Inn hotel located in Kansas City, KS (metro KC). Leisure Real Estate Advisors represented the Owner, SDN Hotel Investments, Inc, in the transaction. Lodging Enterprises, Inc, a Wichita, KS based company, purchased the 112 unit hotel for an undisclosed price. The listing price was $6,000,000. “Because of its cash flow and location, this BW featured an attractive cap rate and received a high level of investor attention. Plus, its central location represents close proximity to downtown KC, as well as KU Medical Center,” comments Brent A. Jaynes, co-founder and managing partner of Leisure Real Estate Advisors. The deal also involved a leasehold interest in the conference facilities located in the adjacent shopping center. “Anytime one introduces a leasehold interest into the equation of a hotel deal, it elevates the complexity”, observes Jaynes. In this instance, the leasehold provided meeting space, which also benefited the hotel. Additional complications occurred with the discovery of a 1960’s Urban Renewal Plan, which had expired, but still encumbered the property. “Both of these parties worked very diligently to remove the obstacles to this closing. It was a pleasure to work with folks that had the same objective in mind, and stuck with the process.” says Jaynes. Lodging Enterprises will retain the Best Western flag and will renovate the hotel to meet the standards of it contract business.

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels. It also has branch offices in Lincoln, NE and Jefferson City, MO. Over its 13 year existence, the company has become one of the premier hotel brokerage firms in the central US.

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

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 Announces the Sale of the Hampton Inn - Manhattan, Kansas / March 2013

Leisure Real Estate Advisors, LLC Arranges the Sale of Two Additional Bank Owned Hotels / February 2013

Leisure Real Estate Advisors, LLC Announces the Sale of Staybridge Suites, Wichita, Kansas / February 2013

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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

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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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