DENVER Colorado; KANSAS CITY, Missouri; and ATLANTA, Georgia—HREC Funding Advisors introduced it has organized the sale of the 149-room Sonesta Choose – Kansas Metropolis Airport Tiffany Springs positioned in Kansas Metropolis, Missouri. The property was acquired by KMG Inns. KMG owns and operates 11 lodges, representing numerous franchises like Marriott, Hilton, Starwood, IHG Inns & Resorts, and Selection Inns Worldwide, with over 1,600 rooms. A number of different properties are underneath improvement, with extra tasks within the pipeline.
HREC Funding Advisors solely represented an affiliate of Service Properties Belief (SVC) as the vendor on this transaction. The advertising and marketing and negotiations have been led by Scott Stephens, senior principal and COO – Tampa; Herb Warmbrodt, principal and dealer on file for Missouri; and Monty Levy, managing director – Atlanta. SVC is an actual property funding belief with over $11 billion invested in two asset classes: lodges and service-focused retail internet lease properties. As of December 31, 2024, SVC owned 206 lodges with over 35,000 guestrooms all through the US and in Puerto Rico and Canada. As of December 31, 2024, SVC additionally owned 742 service-focused retail internet lease properties with over 13.2 million sq. toes all through the US.
“But once more, we have been delighted to efficiently advise one among our agency’s key purchasers on the disposition of this asset, using our industry-leading nationwide platform to supply the client,” famous Levy.
Warmbrodt added, “We imagine we achieved very sturdy pricing for our shopper, whereas on the similar time offering the client with future upside following a PIP renovation.”
The lodge is positioned off Interstate 29, offering entry to Kansas Metropolis Worldwide Airport, which is roughly 5 miles away from the lodge, in addition to downtown Kansas Metropolis. Initially constructed in 1990, the property underwent conversion to a Sonesta Choose in 2021. The lodge is surrounded by numerous companies in Kansas Metropolis’s northern suburbs, together with the Nationwide Climate Service Coaching Heart, Aviation Technical Providers, success facilities for CVS Well being and Cencora, a knowledge heart for Mastercard, and two main automotive meeting vegetation. Moreover, Fort Leavenworth, the third-oldest energetic navy set up in the US, is positioned throughout the river in Kansas. For leisure vacationers, the lodge is a brief drive from the Kansas Metropolis Expo Heart, 5 premier casinos, two youth sports activities complexes, the T-Cellular Heart, and the Nationwide World Conflict I Museum and Memorial.
