Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer qualified investors the opportunity to acquire the recently opened, 92-room Holiday Inn Express Kansas City North - Parkville (the “Hotel”, or “Property”), located next to the thriving Creekside Baseball in Parkville, Missouri.
The Property is adjacent to the Creekside Baseball Park. The 23-acre facility has become one of the nation’s top destinations for youth and high school baseball with six innovatively designed turf baseball fields that see approximately 1 million visitors per year. Located directly off I-435, the Property has easy access to Kansas City International Airport and Leavenworth Kansas, the base of Fort Leavenworth and the US Federal Prison north of the Hotel. Eleven miles south of the Property, the Kansas City Speedway and Legends Outlet Mall have transformed the area into a leisure hub for locals and tourists. The Hotel’s location provides easy access to these key demand generators.
The Hotel opened as the Creekside Hotel in the spring of 2022 and converted to a Holiday Inn Express on May 24th, 2023. The Property has experienced increases in Occupancy, ADR, and RevPAR since the affiliation.
Investment Highlights
- Offered Well Below Replacement Value.
- Seller will consider possible Seller Financing on a small portion of Purchase Price.
- Excellent Location: The Property is situated closest to the newly opened Creekside Baseball Park which is associated with a national Baseball Tournament Organization. The Park is becoming one of the nation’s top destinations for youth and high school baseball. The Stay and Play property generated approximately $1,000,000 in revenue in 2024 giving an excellent “Base Business”. The Hotel is also ideally located between the Kansas City International Airport, The Legends Retail and Entertainment District, and Leavenworth Kansas.
- No Change of Ownership PIP: The owner has completed all PIP items required by IHG.
- Room Revenue Increase: The Hotel’s Room Revenue has increased by $538K from YE 2023 compared to YE 2024, exhibiting improved top-line performance with the new reservation system.
- New Sporting Complex: The Homefield Sports Complex is a new, ground-up 150,000 SF youth sports facility, including indoor playing courts, lounges, an athletic training center, and outdoor playing fields. The property is located proximate to The Legend’s Entertainment 10 miles to the south of the Property.
- Upside Potential from Adding a Sales Manager: As the Hotel continues to ramp from the addition of the Holiday Inn Express Brand, the Property could benefit from a Sales Manager by adding a sales effort opportunity to grow top-line revenue, and corporate accounts, shift business from comp set, and focus on the training business at Fort Leavenworth.
- Unencumbered by Management: The Property will be offered unencumbered by a management agreement. A new owner/operator can strengthen the existing operational strategies of the Hotels, implement additional cost control initiatives, and employ more aggressive revenue management practices. Or the option of taking advantage of strong operational control by an existing third party.
- Fee Simple Interest: The Hotel presents an opportunity to acquire a limited service asset as fee simple.
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