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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F8872fae5-5bc7-47dc-ace4-049d727b524d%2Fb79ff30d-48f2-4134-baad-4a556f52e406" onerror="this.style.display='none'" alt="Holiday Inn Express &amp; Suites Image" style="object-fit: cover; width: 200px;" />
 Hotel &amp; Hospitality 
 
 Holiday Inn Express &amp; Suites
 
 Pratt, KS 
 By Leisure Real Estate Advisors, LLC

 <a href="/user/8f98ba81-ff1c-4790-98b5-79dcb14a8eb7" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Brent Jaynes</a>
 
 Managing Partner
 
 
 <a href="tel:(913) 499-4731" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(913) 499-4731</a>
 

 <a href="https://platform.reverecre.com/project/8872fae5-5bc7-47dc-ace4-049d727b524d" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a 25 year  specialty concentration in the marketing and sale of hotels by providing exclusive representation to owners of hotel real estate. With over 110 years of collective hospitality experience and over $1.2 billion in sales, the company has become one of the premier hotel brokerage firms in the Midwest and the country, and has been recognized by Hotel Business and Hotel Management magazines for its performance. It has received numerous Power Broker designations from CoStar and has been awarded Platinum elite status from CREXI, including 2021, 2022 and 2023. The Company has affiliated brokers in Kansas City, Olathe, KS, Columbia, MO, Lincoln, NE and Sioux Falls, S. Dakota.

Managing Partner

New Price:  $6,350,000, at less than $73K per key

Seller now offering to carry a 2nd mortgage (subject to qualification & experience)

Revenue and RevPar increasing, up 150K YTD

Includes adjacent 1.5 +/- acre pad site that fronts Hwy 61

Owner is completing a re-licensing Formula Blue PIP

28 suites, including studios and suites with extra bay depth

Photo Gallery contains pre-renovation pictures (common areas).  Pictures of the rooms are post-renovation.

Leisure Real Estate Advisors, LLC

The owner is completing a Formula Blue relicensing PIP, and this offering is still less than $73K per key. That price is nearly a 50% discount over today's new construction costs.    Revenue is already increasing, up $150K YTD,  indicating upside with this renovation.

Brent Jaynes is one of the co-founding members of Leisure Real Estate Advisors LLC with over 30 years of investment real estate and hotel brokerage experience. His wide range of real estate expertise and advanced training establish him as a valued partner in today’s complex hotel real estate environment.

Since its first listing in 1998 and under the direction of Mr. Jaynes, the company has become one of the regional & national leaders in hotel brokerage. Collectively, the Leisure Real Estate Advisors brokerage group represents over $1.5 billion in transactions. Individually, Mr. Jaynes is responsible for nearly a billion dollars in sales. He has been recognized by CoStar  many times for their Power Broker award.  He is a member of the National Association of Realtors, Kansas Association of Realtors, Kansas City Regional Association of Realtors, CCIM Kansas City chapter, and KCRAR Commercial Investment division.

Mr. Jaynes growing client list includes a broad range of owners including local and regional banks, individual owners, multi property partnerships, regional hotel companies, insurance companies, private equity and national investment groups.

Mr. Jaynes received his undergraduate training from Kansas State University and his doctorate with honors at the University of Missouri-Kansas City, where he also served as assistant professor for graduate students.

He has been an active member of the community as a volunteer in local civic organizations. Mr. Jaynes has served as President and board member of the Overland Park South Rotary Club, and Chairman of the Corporate Woods Jazz Festival. More recently, he has co-chaired the Jazz in the Woods 5 & 10K Run. He has also served on a number of non-profit boards, including the Kansas City Christian Academy Board of Directors. He is a member of the Johnson County (KS) Reappraisal committee as the hospitality real estate specialist.  For over 30 years, Mr. Jaynes has volunteered as a youth football coach, grades 5th through 8th.  He also enjoys upland bird hunting and training at a local Krav Maga self-defense academy for fitness.

He and his wife Elizabeth have been long term residents of Overland Park, KS where they have raised three wonderful children.

Overview

The owner is completing a Formula Blue relicensing PIP, and this offering is still less than $73K per key. That price is nearly a 50% discount over today's new construction costs. Revenue is already increasing, up $150K YTD, indicating upside with this renovation.

Investment Highlights

Photo Gallery

Leisure Real Estate Advisors, LLC

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