Hometowne Studios Independence Kansas City, MO

UNDER CONTRACT

• Fee-simple interest in the corporate owned and corporate managed 120-room Red Roof HomeTowne Studio Independence Kansas City
• Available for individual sale as part of a larger five property portfolio in the September 7th auction event
• Ability to purchase any combination of the five assets, affording buyers the opportunity to capitalize on strong operating economies of scale
• Offered unencumbered of brand, debt, and management – with a variety of alternative brand options available for conversion
• Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval
• Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
• High margin business model is ideally well positioned for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering
• Situated less than ten minutes from GEHA Field at Arrowhead Stadium home of the 2023 Super Bowl Champions Kansas City Chiefs
• Ideally located within the Kansas CITY MSA, proximate to all regional leisure demand, including Kauffman Stadium (Home of the Kansas City Royals), Kansas City Zoo, Union Station, Harry S. Truman Library & Museum, Adventure Oasis Park, GEHA headquarters, Hallmark Cards, Inc. headquarters, H&R Block headquarters, and downtown Kansas City
• Property is readily accessible via Interstate 70 with direct visibility from the interstate
• Independence is the 5th largest city in Missouri with the Kansas City MSA being the second largest MSA in the state
• The Kansas City MSA has experienced consistent population growth for the last 40 years