DoubleTree by Hilton Hotel Kansas City - Overland Park

Overland Park, Kansas

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Building

Stats

  • Property Type Hospitality - Select Service
  • Year built 1982
  • Building size (SF) 1

Overview

Avison Young, as agent, is pleased to offer the fee-simple interest in the DoubleTree by Hilton Hotel Kansas City Overland Park (hereinafter “Property” or “Hotel”), a full-service hotel located at 10100 College Blvd in Overland Park, Kansas. The Hotel is located near Interstate 435, with excellent visibility from U.S. Route 69. The Property sits 15 miles from Downtown Kansas City and 33 miles from Kansas City International Airport. Nearby Overland Park/Kansas City area attractions include the Kansas City Zoo, Arrowhead Stadium, the National WWI Museum and Memorial, The Nelson-Atkins Museum of Art, the Museum at Prairiefire, and more. Large employers in the area include Sprint, Johnson County Community College, Black & Veatch, Century Link, and more. The Hotel debt is assumable with outstanding balance of ?? with a ?? interest rate.

Highlights

356 Non-smoking guestrooms

18-Story, Interior Corridor

Can be acquired unencumbered of Hilton Brand management and be converted to a franchise

Upside in operational efficiencies by converting to 3rd party management
Can acquire substantially below replacement cost and assume existing debt of $22,971,020 with interest rate of 4.731%

Recent renovation and total capital expenditures over $10.75 million

Property sits on a 14+ acres which allows a unique redevelopment opportunity

Location Map

Team

Chris Stark

Principal - Hospitality Group
Avison Young - US - GA - Atlanta

Downloads

Management Agreement Assumption

Loan Agreement Assumption

Overland PIP

December 2018 STR

December 2019 STR

Profit and Loss YE December 2018

Profit and Loss YE December 2019

AY Spreadsheet

Offering Memorandum

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