HREC Arranges Sale of Sonesta Opt – Kansas Metropolis Airport Tiffany Springs
DENVER Colorado; KANSAS CITY, Missouri; and ATLANTA, Georgia—HREC Funding Advisors presented it has organized the sale of the 149-room Sonesta Opt – Kansas Metropolis Airport Tiffany Springs positioned in Kansas Metropolis, Missouri. The property used to be got by KMG Hotels. KMG owns and operates 11 motels, representing varied franchises like Marriott, Hilton, Starwood, IHG Hotels & Resorts, and Resolution Hotels International, with over 1,600 rooms. So a lot of varied properties are under pattern, with more projects within the pipeline.
HREC Funding Advisors completely represented an affiliate of Provider Properties Believe (SVC) because the seller on this transaction. The selling and negotiations had been led by Scott Stephens, senior foremost and COO – Tampa; Herb Warmbrodt, foremost and broker on file for Missouri; and Monty Levy, managing director – Atlanta. SVC is a trusty property funding have faith with over $11 billion invested in two asset classes: motels and repair-focused retail receive lease properties. As of December 31, 2024, SVC owned 206 motels with over 35,000 guestrooms one day of the United States and in Puerto Rico and Canada. As of December 31, 2024, SVC also owned 742 provider-focused retail receive lease properties with over 13.2 million sq. ft one day of the United States.
“All over all over again, we had been happy to efficiently uncover one of our firm’s key potentialities on the disposition of this asset, using our enterprise-leading nationwide platform to provide the purchaser,” noted Levy.
Warmbrodt added, “We deem we finished very sturdy pricing for our shopper, whereas on the the same time providing the purchaser with future upside following a PIP renovation.”
The resort is found off Interstate 29, providing gain entry to to Kansas Metropolis International Airport, which is roughly 5 miles faraway from the resort, moreover downtown Kansas Metropolis. Originally constructed in 1990, the property underwent conversion to a Sonesta Opt in 2021. The resort is surrounded by varied companies in Kansas Metropolis’s northern suburbs, including the Nationwide Weather Provider Coaching Heart, Aviation Technical Services, success centers for CVS Health and Cencora, a records middle for Mastercard, and two foremost automobile assembly plants. Furthermore, Citadel Leavenworth, the third-oldest vigorous navy set up within the United States, is found across the river in Kansas. For leisure travelers, the resort is a immediate drive from the Kansas Metropolis Expo Heart, 5 premier casinos, two early life sports activities complexes, the T-Mobile Heart, and the Nationwide World Warfare I Museum and Memorial.
