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Leisure Real Estate Advisors Announces the Sale
of the Hampton Inn - Manhattan, Kansas



March 8th, 2013 – Prairie Village, KS (Metro Kansas City) Leisure Real Estate Advisors, LLC, is pleased to announce the successful sale of the Hampton Inn hotel in Manhattan, KS. Leisure Real Estate Advisors represented the Owner, S & B Motels, Inc, in the transaction. A group of investors headed by RHW Management, Inc, based in Overland Park, KS purchased the 69 unit hotel for an undisclosed price. The listing price was $5,995,000. “Anytime we list a Hampton with substantial cash flow, we will get activity and we did”, comments Brent Jaynes, co-founder of Leisure Real Estate Advisors. He goes on to say, “In addition to the flag and the cash flow, Manhattan has been a very attractive hospitality market. All of the above factors played a role in this deal”.

The investment group will retain the flag and RHW Management will renovate the hotel in accordance with its new 10 year franchise agreement.

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels. It 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. Mr. Jaynes further remarked, “This market has been transitioning from a distressed asset market to a cash flow market. We are glad to see the shift because it means the market and the pricing are beginning to stabilize.”

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
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 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

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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