WHI Announces Sale of the Quality Suites Airport, Kansas City, MO
Warmbrodt Hotel Investments announced today they closed the sale of the Quality Suites Airport, Kansas City, MO. The property was sold on behalf of a regional lender for an undisclosed price. The purchaser will retain the Quality Suites franchise and complete significant capital upgrades.
“The Quality Suites received a high level of interest from regional investors. The property’s location off Interstate 29, near the Kansas City Airport, helped support pricing in the wake of underachieving performance the past 3 years. Retaining the Quality Suites franchise, significant improvements will be made in order to effectively compete in the healthy KC Airport sub-market,” said Zane Varvel, Vice-President of WHI.
The 73-room, two-story, interior-corridor property was built in 1997. It includes an indoor pool and hot-tub, and a small fitness room. The location is considered outstanding for hosting airport travelers and is proximate to numerous North Kansas City businesses and shopping. It is one of the first visible hotels off Interstate 29, exit 13 – just 2 miles from the terminal.