Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 102-room Staybridge Suites Kansas City Independence, located in at 19400 E 39th Place, Independence, MO 64057.
The Staybridge Suites Kansas City–Independence is strategically located along Interstates 70 and 470, approximately 15 miles east of downtown Kansas City. Independence, Missouri—ranked as the fifth most populous city in the state—serves as a key suburb within the greater Kansas City metropolitan area. The city boasts a strong corporate presence, home to major employers such as Blue Ridge Bank, Unilever, and Burd & Fletcher Company. It also features robust healthcare infrastructure, including Centerpoint Medical Center, a 285-bed acute care facility, and Children’s Mercy East, a leading pediatric hospital with 390 licensed beds. With a population exceeding 120,000 residents and more than 55,000 housing units, Independence is a prime residential hub outside of Kansas City.
The Staybridge Suites Kansas City Independence offers a strategic investment opportunity in a community experiencing economic expansion through redevelopments such as Noland Road, Historic Independence Square, Fairmount, Englewood, and Maywood. The Hotel is located directly at the intersection of two Interstates, providing excellent visibility and transportation options for travelers.
Investment Highlights
Strong In-Place Cash Flows
The Property has achieved over $3.0 million in room revenue since 2022 and has averaged nearly 25% NOI flowthrough since 2023.
Terrific Location near Major Demand Generators
The Staybridge Suites Kansas City Independence enjoys a highly visible and accessible location off I-70 and I-470. The Hotel is located less than five miles from a mix of major demand generators such as Centerpoint Medical Center, Independence Shopping Center, Park University, and Cable Dahmer Arena.
New Developments in Independence
The City of Independence is focusing on revitalizing five core areas: Noland Road, Historic Independence Square, Fairmount, Englewood, and Maywood through investment projects. Efforts include a $2 million streetscape plan and $30 million in private commercial redevelopment for the Historic Independence Square. In the Harry S. Truman National Historic Landmark District, there will be $15 million in private residential redevelopment and $10 million in public investment. In addition, there will be a $25 million infrastructure project citywide and a $2 million transit facility project.
Upside Opportunity in Market Share
Ranked 3 of 7 in its competitive set in RevPAR, the Property exhibits an ADR growth opportunity, allowing new ownership, through careful revenue management techniques, to significantly increase topline revenues with minimal impact on overall NOI flowthrough.
Attractive Basis – Well Below Replacement Cost
The national average cost of building a hotel has increased significantly in the past few years. The Hotel provides an investor with the opportunity to acquire a well-located Property, unencumbered by debt and management, at pricing well below current construction costs.
Upside from Replacing Existing Management
The Staybridge Suites Kansas City Independence presents an excellent opportunity for an investor to purchase the Hotel unencumbered by a management agreement. Investors have the chance to bring in a new management company or self-operate and revamp the operational strategy of the Hotel.
Fee Simple Interest
The Property will be offered as fee simple.
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