HAMPTON INN KANSAS CITY OVERLAND PARK
10591 E Metcalf Frontage Rd,
Overland Park, KS 66212
 
$8,200,000
Offering Price
$649,913
NOI
7.93%
Cap Rate
3.37
RRM
133
Total Rooms
$61,654
Price Per Key
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$8,200,000
Offering Price
$649,913
NOI
7.93%
Cap Rate
3.37
RRM
133
Total Rooms
$61,654
Price Per Key
PROPERTY HIGHLIGHTS
Fee-simple interest in the Investor owned and third-party managed 133-room Hampton Inn Kansas City
Hampton Overland Park offered at a fraction of the replacement cost
Offered unencumbered of management or debt with the ability to retain the Hilton flag
Situated adjacent to the intersection of Interstate 435 and Metcalf Avenue with upwards of 200,000 vehicles passing the location daily
Proximate to all local and regional demand including Topgolf, Overland Park Convention Center, Children’s Mercy Hospital Kansas, College Boulevard, Country Club Plaza, Ericsson, Spring World Headquarters, Museum at Prairiefire, Kansas City Zoo, Town Center Plaza, Arrowhead Stadium, Overland Park Soccer Complex, Johnson Community
CORPORATE DEMAND
Cerner Corp. is an American health information technology provider. The corporation is headquartered in Kansas City, MO and offers a full range of services such as health technology solutions, device manufacturing, and hardware. Cerner Corp.’s products are currently implemented in approximately 18,000 worldwide facilities. Cernern Corp. employs more than 24,000 globally and approximately 12,800 at its headquarters and flagship locations in Kansas City.
Coca-Cola Bottling Co. is the largest independent Coca-Cola bottler in the United States. The company makes, sells, and distributes Coca-Cola products along with other unique beverages based in the Southeast, Midwest, and Mid-Atlantic portions of the United States. The company has 13 manufacturing facilities, 80 distribution centers and warehouses, and maintains a headquarters in Lenexa less than two miles north of the hotel. The company employs more than 15,000 globally and generates upwards of $4 Bn in annual revenue.
Black & Veatch is the largest engineering firm in the Kansas City metropolitan area and is headquartered in neighboring Overland Park, approximately eight miles west of the hotel. The company is a global engineering, procurement, construction, and consulting company specializing in infrastructure development for the power, oil and gas, water, telecommunication, government, mining, data centers, smart cities, banking, and finance markets. The company is ranked by Forbes as one the largest privately owned companies in the United States with more than 100 offices and 11,000+ employees worldwide.
The Overland Park Convention Center was built in 2002 and is approximately one mile from the Subject Hotel. The 26-acre complex includes approximately 237,000 SF of exhibition, meeting, banquet, pre-function, and service space and host over 400 events per year. Some of the more prominent events include but are not limited to Johnson County Boat Show, the Johnson County Home & Garden Show, the Junior League Holiday Mart, the Kansas City Bridal Spectacular, the Missouri District Youth Convention, and the Kansas City Royals Fan Fest.
The Kansas City Convention Center, also known as Bartle Hall, is the largest contiguous convention and exhibit space in the Kansas City metro. The facility features 800,000 SF of total space including 388,800 SF of column free exhibit space one floor, a 200,000 SF conference center, and a 46,450 SF ballroom among other amenities. Notable events include the Cerner Annual Health Conference, National Asian Pacific Bar Association, International Conference Youth Volunteer Corps of America, and the American Academy of Family Physicians Convention.
MARKET SUMMARY
Overland Park is the largest suburb of the Kansas City Metropolitan Area with a population of more than 191,000 residents and is the second largest city in the state of Kansas. The city is situated approximately 10 miles southwest of downtown Kansas City in the heart of Johnson County which has a population of more than 591,000 people.
Kansas City MSA has a population of more than 2.1MM people and is the 30th most populated MSA in the country. The area has a wide array of demand generators including corporate headquarters for several Fortune 500 companies, professional sports organizations, world-class hospitals, professional and technical services, insurance, information technology, and retail.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
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