Holiday Inn Express & Suites | Oak Grove, MO
304 SE 4th St,
Oak Grove, MO 64075
 
79
Total Rooms
32,500
Building SF
$760,524
NOI
4.14
RRM
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79
Total Rooms
32,500
Building SF
$760,524
NOI
4.14
RRM
Location Highlights
Proximity to Kansas City: Located approximately 25 miles east of downtown Kansas City, providing convenient access to the metropolitan area's business and leisure attractions.
Immediate Highway Access: Situated just off Interstate 70, a major east-west corridor facilitating travel and commerce through Missouri, enhancing visibility and accessibility for travelers.
Growing Community:Oak Grove has experienced population growth, reaching 8,477 residents as of 2023, indicating a developing market with increasing demand for hospitality services.
Property Features
Modern Construction: Established in 2021, the property offers contemporary design and amenities aligned with current guest expectations.
Comprehensive Amenities: Features include an indoor pool, fitness center, business center, and a 2,000 sq. ft. meeting space suitable for corporate events and gatherings.
Demand Drivers
Local Attractions: Nearby natural sites such as Monkey Mountain Nature Preserve offer recreational opportunities that attract visitors year-round.
Sports and Entertainment Venues: Approximately 20 miles from Arrowhead and Kauffman Stadiums, accommodating fans attending Kansas City Chiefs and Royals games.
Business and Industry: The hotel's proximity to Kansas City allows it to serve business travelers visiting the area's diverse industries, including healthcare, manufacturing, and professional services.
Competitive Positioning
Limited Direct Competition: As a newly constructed property with modern amenities, the hotel stands out among local lodging options, offering a higher standard of accommodation in the Oak Grove area.
Event Hosting Capability: The inclusion of meeting space positions the hotel to attract corporate events, training sessions, and social gatherings, diversifying its revenue streams.?
Investment Rationale
Recent Construction: Being a 2021 build, the property requires minimal capital expenditures in the near term, preserving cash flow for investors.
Strategic Location: The combination of suburban tranquility and proximity to a major urban center offers a balanced appeal to both leisure and business travelers.
Market Growth Potential: Oak Grove's demographic trends and economic development initiatives suggest a positive trajectory for demand in the hospitality sector.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
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