Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace High-Quality Asset In Exceptional Condition: The Radisson Hotel Lenexa Overland Park Hotel is a one-building, upscale Raddison franchised Hotel featuring 286 in-service spacious guest rooms, along with 11 out-of-service rooms being used for starage, totaling 297 rooms. Constructed with quality materials, the Hotel remains in excellent condition and is well-equipped with several amenities, including a ?tness center, indoor heated pool, business center, meeting facilities, luggage storage, and breakfast area. Prime Location with Easy Access to Market Demand Generators: Lenexa has a wide range of activities and entertainment venues in proximity of the city. Bene?tting from the nearby entertainment demand drivers in Kansas City, tourists have quick access to Arrowhead and Kauffman Stadiums, where tourists can watch the Kansas City Chiefs and Kansas City Royals play, as well as the Nelson-Atkins Museum of Art, and Kauffman Center for the Performing Arts. Lenexa also offers a variety of activities and attractions. The Hotel is located near Lenexa Public Market, a gathering place featuring local food vendors, specialty shops, and live entertainment, as well as the Sar-Ko-Par Trails Park, a popular destination with walking trails, sports ?elds, a lake, and a rose garden. The Property also bene?ts from its accessibility to Interstate 435 and Interstate 35. Signi?cant Room Revenue Upside Potential: The Radisson Lenexa Overland Park Hotel currently has a RevPAR index of 38.2 percent, indicating room for improvement. However, by implementing various revenue and marketing strategies, a new owner could potentially achieve a RevPAR index of 50-60 percent. This signi?cant increase in RevPAR index could result in top-line room revenues of approximately $4.5-5 million dollars. The Hotel is projected to exceed $4.42 million in room revenue with a net operating income of over one million dollars or 21.8 percent of gross revenues after a 4 percent capital replacement reserve and 3 percent management fee in year one of new ownership. Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.