HREC Investment Advisors arranged the sale of the 149-room Sonesta Select – Kansas City Airport Tiffany Springs located in Kansas City, MO, from Service Properties Trust (SVC) to KMG Hotels.
HREC exclusively represented an affiliate of SVC, with marketing and negotiations led by Scott Stephens, senior principal/COO – Tampa; Herb Warmbrodt, principal/broker on record for Missouri; and Monty Levy, managing director – Atlanta.
“Yet again, we were delighted to successfully advise one of our firm’s key clients on the disposition of this asset, utilizing our industry-leading national platform to source the buyer,” said Levy.
Warmbrodt added, “We believe we achieved very strong pricing for our client, while at the same time providing the buyer with future upside following a PIP renovation.”
The hotel is located off Interstate 29, providing access to Kansas City International Airport, which is approximately five miles away from the hotel, as well as downtown Kansas City. Originally constructed in 1990, the property underwent conversion to a Sonesta Select in 2021. The hotel is surrounded by various businesses in Kansas City’s northern suburbs, including the National Weather Service Training Center, Aviation Technical Services, fulfillment centers for CVS Health and Cencora, a data center for Mastercard, and two major automotive assembly plants. Furthermore, Fort Leavenworth, the third-oldest active military installation in the U.S., is located across the river in Kansas. For leisure travelers, the hotel is a short drive from the Kansas City Expo Center, five casinos, two youth sports complexes, the T-Mobile Center and the National World War I Museum and Memorial.
Tags: Scott Stephens, Tampa; Herb Warmbrodt, Kansas City International Airport, HREC Investment Advisors, Sonesta Select – Kansas City Airport Tiffany Springs
