Hotel-Motel

Ascend Collection 816 Hotel

801 Westport Rd, Kansas City, MO 64111

Listing Price: Request For Offer

Number of Rooms
109
RevPAR
$53
Gross SF
55,000
Year Built
1986

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ascend Collection 816 Hotel, a six-story limited service hotel located in the desirable Plaza Westport district and seven miles from the Harry S. Truman Sports Complex (home to NFLs Kansas City Chiefs and MLBs Kansas City Royals). The hotel consists of 109 interior corridor rooms with close proximity to multiple main thoroughfares within the Kansas City market. Amenities include two patios with seating, a fitness center, business center, complimentary breakfast buffet, same-day dry cleaning service and a spacious, updated lobby. The hotels most unique feature is its variety of Kansas City-themed rooms, each decorated and furnished by various Kansas City iconic institutions. Themed rooms share Kansas Citys story everything from the KC Zoo to Boulevard Brewery, to the KC Mob past, to TWA and everything in between.

The Ascend Collection 816 Hotel is located in the Kansas City metropolitan area, which serves as a major regional commercial, industrial and cultural hub. A large portion of North America is within a 12-hour drive of the market. The region is the second-largest rail center in the United States and features an efficient and well-connected airport.

Lower costs of living and doing business as well as an educated workforce attract corporations and job seekers to the metro. A number of local firms were on the Fortune 1,000 list last year. Large corporations within a five mile radius of the hotel include DST Systems, Hallmark Cards Inc., St. Lukes Health System, AT&T and Childrens Mercy Hospital. Other expanding industries in the metro include finance and insurance, engineering, life sciences, manufacturing and information technology.

The hotel is part of a Community Improvement District (CID) and receives from the city a one percent rebate of the combined hotel revenue and the adjacent restaurant and indoor flea market revenues as part of an ongoing exterior beautification project over the next 30 years.

Investment Highlights

  • 1 Mile to Kemper and Nelson-Atkins Museum, Kauffman Memorial Garden & Uptown Theater
  • 1 Mile to St. Luke's Hospital | Ranked Within Top 5% of All Hospitals Nationwide
  • 2 Miles to University of Missouri-Kansas City | 16k+ Current Enrollment
  • 5 Miles to Charles B. Wheeler Downtown Airport
  • 7 Miles to Harry S. Truman Sports Complex (home to NFL's Chiefs and MLB's Royals)
  • The Kansas City Market is a Major Regional Commercial, Industrial & Cultural Hub

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Hotel-Motel

Ascend Collection 816 Hotel

Listing Price: Request For Offer

Number of Rooms
109
RevPAR
$53
Gross SF
55,000
Year Built
1986

Investment Highlights

  • 1 Mile to Kemper and Nelson-Atkins Museum, Kauffman Memorial Garden & Uptown Theater
  • 1 Mile to St. Luke's Hospital | Ranked Within Top 5% of All Hospitals Nationwide
  • 2 Miles to University of Missouri-Kansas City | 16k+ Current Enrollment
  • 5 Miles to Charles B. Wheeler Downtown Airport
  • 7 Miles to Harry S. Truman Sports Complex (home to NFL's Chiefs and MLB's Royals)
  • The Kansas City Market is a Major Regional Commercial, Industrial & Cultural Hub

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ascend Collection 816 Hotel, a six-story limited service hotel located in the desirable Plaza Westport district and seven miles from the Harry S. Truman Sports Complex (home to NFLs Kansas City Chiefs and MLBs Kansas City Royals). The hotel consists of 109 interior corridor rooms with close proximity to multiple main thoroughfares within the Kansas City market. Amenities include two patios with seating, a fitness center, business center, complimentary breakfast buffet, same-day dry cleaning service and a spacious, updated lobby. The hotels most unique feature is its variety of Kansas City-themed rooms, each decorated and furnished by various Kansas City iconic institutions. Themed rooms share Kansas Citys story everything from the KC Zoo to Boulevard Brewery, to the KC Mob past, to TWA and everything in between.

The Ascend Collection 816 Hotel is located in the Kansas City metropolitan area, which serves as a major regional commercial, industrial and cultural hub. A large portion of North America is within a 12-hour drive of the market. The region is the second-largest rail center in the United States and features an efficient and well-connected airport.

Lower costs of living and doing business as well as an educated workforce attract corporations and job seekers to the metro. A number of local firms were on the Fortune 1,000 list last year. Large corporations within a five mile radius of the hotel include DST Systems, Hallmark Cards Inc., St. Lukes Health System, AT&T and Childrens Mercy Hospital. Other expanding industries in the metro include finance and insurance, engineering, life sciences, manufacturing and information technology.

The hotel is part of a Community Improvement District (CID) and receives from the city a one percent rebate of the combined hotel revenue and the adjacent restaurant and indoor flea market revenues as part of an ongoing exterior beautification project over the next 30 years.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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