Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Lenexa – Kansas City Southwest (‘Hotel’ or ‘Property’) located in Lenexa, Kansas. The G6 Hospitality-branded Hotel is offered at $4,200,000 or $61,905 per key. The Motel 6 Lenexa – Kansas City Southwest is a 120-room, two-story Hotel stationed at 9725 Lenexa Dr in Lenexa, Kansas, just off Interstate 35. Various common area amenities at the Property include an outdoor pool, guest laundry facility, and ample parking that can accommodate buses and large trucks. Lenexa, Kansas, boasts a vibrant array of activities and entertainment options, benefiting from its proximity to Kansas City. Tourists have easy access to Arrowhead and Kauffman Stadiums, where they can watch games of the Kansas City Chiefs and Kansas City Royals. Additionally, cultural enthusiasts can explore the Nelson-Atkins Museum of Art and Kauffman Center for the Performing Arts. Nearby Overland Park features the Deanna Rose Children’s Farmstead, housing over 250 animals and offering educational experiences like Kanza Indian encampments and one-room schoolhouses. The Overland Park Arboretum & Botanical Gardens, spanning 300 acres, provides a rich educational and recreational resource with various plant species and landscapes. The area also includes the lively Kansas City Power & Light District, covering nine city blocks with entertainment venues, restaurants, bars, shops, and residential spaces. Kauffman Stadium, home to the Kansas City Royals, hosts not only MLB games but also various events like concerts and college football games. Lenexa's Sar-Ko-Par Trails Park, encompassing 53 acres with a 35-acre lake, provides opportunities for fishing and outdoor activities. The area also features educational institutions like the Johnson County Museum and Johnson County Community College, along with healthcare facilities like Advent Health Shawnee Mission and Overland Park Regional Medical Center, catering to diverse medical needs. Additionally, the region is served by the Kansas City International Airport, a major hub offering domestic and international flights. In the trailing twelve-month period ending in September 2023, the limited-service Hotel recorded room revenues of over $1.2 million and a net operating income just over $422,000, or 33.4 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. As of September, twelve-month average RevPAR in the Lenexa & Overland Park hotel submarket was up 18.1 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.