Hotels for Sale

Wingate by Wyndham Kansas City, MO

Address:
Kansas City, Kansas
Description:

UNDER CONTRACT

  • Fee simple interest in the 70-room former Fairfield Inn Kansas City available at a fraction of replacement cost
  • Property offered for individual sale through Ten-X as part of a larger portfolio sale on October 24th
  • Significant operational upside following lengthy foreclosure process in 2017 with very limited capital investment in property improvements and very limited operational oversight in many years
  • Available unencumbered of debt and third-party management with completed rebranding to Wingate by Wyndham in late July 2018
  • Seller has pre-negotiated franchise terms with Wyndham including the buyer option for reduced royalty fees or key money payment
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Moderate Wingate by Wyndham change of ownership PIP expected upon transfer of franchise and sale of asset
  • Situated adjacent to Interstate-435 with direct visibility and easy accessibility to the upwards of 85,000 cars passing the location daily
  • Ideally situated approximately one mile from World of Fun Amusement Park, one of the area’s largest tourist attractions
  • Proximate to all broader regional demand including the Sprint Center, Cerner Corporation, World of Fun Amusement Park, Arrowhead Stadium, Children’s Mercy Adele Hall Campus, University of Missouri-Kansas City, Kemper Museum of Contemporary Art, Nelson-Atkins Museum of Art, Kansas City Zoo and the Kansas City International Airport

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Bennett Webster
T: 312.339.3698
Email

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