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:
402-416-3522
Brent A. Jaynes
Managing
Partner
Leisure
Real Estate Advisors
[email protected]
913-894-5252