The LCP Group and Blue Vista Capital Management Acquire 347-Room Hilton Kansas City Airport
January 15, 2019 12:50pm
NEW YORK, NY, January 15, 2019 —The LCP Group, L.P. (LCP) and Blue Vista Capital Management (Blue Vista) jointly announced today the acquisition of the Hilton Kansas City Airport in Kansas City, Missouri.
The 347-room property is less than three miles away from the Kansas City International Airport and only 16 minutes from downtown. It is conveniently located near several corporate headquarters, including AmerisourceBergen, Toyota, Multivac, and Mastercard. The Kansas Speedway, host of two annual NASCAR weekends in May and October, and the Worlds of Fun and Oceans of Fun Amusement Park are both a short ride away. And, the nearby Zona Rosa shopping district contains more than one million square feet of retail, office and residential space.
“In partnership with LCP, we continue to acquire high-quality assets, like the Hilton Kansas City Airport, that meet our investment criteria” said Michael Raday, Vice President at Blue Vista.
“The Hilton Kansas City Airport represented an opportunity for us to acquire a premium branded property located in a market with a diversity of demand generators,” said Francis Lively, Chief Executive Officer and President of LCP. “The asset is a great addition to our growing hotel and real estate portfolio.”
The hotel recently underwent a comprehensive renovation that included guestrooms, public spaces, meeting rooms, as well as various mechanical and back-of-house upgrades. It offers numerous amenities and services including a 24-hour pavilion pantry market, complimentary Wi-Fi, on-site Asado Urban Grill restaurant, a business center as well as a state-of-the-art fitness center with an indoor/outdoor pool. Each guest room will feature the brand’s signature Hilton Serenity Bed, mini-refrigerator, Cuisinart single-serve coffee maker, and an oversized desk area with ergonomic chair. With over 21,000 square feet of flexible meeting space across 20 meetings rooms equipped with the latest technology, the property can accommodate both large conferences and social receptions.
The property will be managed by HEI Hotels & Resorts located in Norwalk, Connecticut.
Tags: lcp group,
blue vista capital management,
hilton kansas city airport,
Blue Vista was founded in 2002 in Chicago as a real estate investment firm with a mission to co-invest alongside successful investors and developers across all property sectors in the U.S. Today, Blue Vista offers investors best-in-class investment strategies focused exclusively on student housing and middle market real estate equity and debt. With over $9.0 billion in total capitalization invested since 2002, Blue Vista is a proven industry leader in middle market real estate and student housing. Blue Vista’s investment teams utilize rigorous, data-driven analytics to support value creation and achieve performance objectives on behalf of investors.
The LCP Group, L.P. (LCP) is a private real estate investment manager with real estate holdings and assets under management in excess of $750 million throughout the United States. LCP specializes in hospitality investments and has been actively acquiring strategic hotel assets on behalf of institutional and private equity investors since 1973.
Contact: Stacy Silver
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