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Economy Hotel - Kansas City 3400 NW Jefferson St 90 Room Hotel Blue Springs, MO 64015 $3,489,800 CAD ($38,776 CAD/Room)
INVESTMENT HIGHLIGHTS
- In-Place Cash Flow: The hotel is currently operating with positive net operating income, providing immediate yield for a new owner.
- Efficient Scale: With 90 rooms, the hotel is well-suited for either hands-on ownership or third-party management.
- Market Strength: Kansas City benefits from diverse demand drivers including defense, healthcare, and a rebounding regional travel market.
- Attractive Basis: Offered at $23,333 per key, this asset trades at a substantial discount to replacement cost in today’s high-construction-cost market
- Purchased with 50 active rooms and 40 offline; owner renovated and brought total to 90 rooms.
EXECUTIVE SUMMARY
Avison Young Hospitality Group, as the exclusive agent for the Seller, is pleased to present the Economy Hotel – Kansas City, Missouri, a 90-room property offered unencumbered by management and debt.
Originally purchased with 50 operational rooms and 40 out-of-order rooms, the owner invested in renovations to bring the additional 40 rooms online. The hotel now offers a total of 90 rooms.
This offering provides investors with the opportunity to acquire a stabilized, cash-flowing asset in a strong regional market. The property benefits from in-place income and operational upside, making it well-suited for both owner-operators and value-focused investors.
With construction costs at historic highs due to inflation in labor and materials, ground-up development of a comparable hotel would require significantly higher capital investment. In contrast, this hotel is being offered at a substantial discount to replacement cost, delivering immediate value and an attractive basis for a new owner.
Originally purchased with 50 operational rooms and 40 out-of-order rooms, the owner invested in renovations to bring the additional 40 rooms online. The hotel now offers a total of 90 rooms.
This offering provides investors with the opportunity to acquire a stabilized, cash-flowing asset in a strong regional market. The property benefits from in-place income and operational upside, making it well-suited for both owner-operators and value-focused investors.
With construction costs at historic highs due to inflation in labor and materials, ground-up development of a comparable hotel would require significantly higher capital investment. In contrast, this hotel is being offered at a substantial discount to replacement cost, delivering immediate value and an attractive basis for a new owner.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,489,800 CAD | Building Size | 33,296 SF |
| Price Per Room | $38,776 CAD | No. Rooms | 90 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2016 |
| Property Subtype | Hotel | Parking Ratio | 3.45/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.48 AC | ||
| Zoning | GB, Blue Springs - General Business | ||
| Price | $3,489,800 CAD |
| Price Per Room | $38,776 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.48 AC |
| Building Size | 33,296 SF |
| No. Rooms | 90 |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2016 |
| Parking Ratio | 3.45/1,000 SF |
| Corridor | Exterior |
| Zoning | GB, Blue Springs - General Business |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 90 | $79.57 CAD | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,000,736 CAD | |
| Land Assessment | $903,663 CAD | Total Assessment | $2,904,399 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$903,663 CAD
Improvements Assessment
$2,000,736 CAD
Total Assessment
$2,904,399 CAD
CONTACTS
-
Mihir Chokshi -
Jeremy Cabe -
Matt Wilkins -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel - Kansas City | 3400 NW Jefferson St
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