12801 S 71 Hwy - Hospitality FOR SALE


Grandview, MO 64030
$10,500,000 USD
303-250-8338
12801 S 71 Hwy, Grandview, MO for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/4
null | 7.71% Cap Rate

12801 S 71 Hwy
Grandview, MO 64030


HIGHLIGHTS

  • 72 Non-smoking Guestrooms
  • Four-Story, Interior Corridor
  • IHG Family of Brands
  • Development Land Option

OVERVIEW

This offering presents an excellent opportunity for buyers seeking a stabilized, fully renovated hotel with a strong and growing revenue stream. The property is a proven performer in a market with continued expansion and no new supply on the horizon. The seller, the original developer, offers a long operating history and in-depth knowledge of the hotel’s construction and maintenance. With upgraded mechanical systems and HVAC, the property is well-maintained and in excellent condition. A new 15-year Holiday Inn Express franchise is expected, with minimal PIP requirements due to the hotel's strong condition. Key Highlights: Strong Market Fundamentals – Expanding market with no anticipated new supply. Stable & Growing Revenue – Well-established performance with a long operating history. Turnkey Asset – Fully renovated with upgraded systems. Franchise Strength – New 15-year Holiday Inn Express agreement with nominal PIP. Confidential Sale – Please no unannounced tours, as staff is not aware of the transaction. Additionally, an adjacent parcel is available for purchase with or without the hotel. Zoned C-2, it offers flexible development opportunities, including potential for midscale extended-stay brands from Hilton, Marriott, IHG, or Hyatt. The parcel is priced at $1mm for 2+ acres of land.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$479 USD /SF

# OF ROOMS

72

PRICE/ROOM

$145,833 {currency}

CAP RATE

7.71%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Kansas City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.59 AC

LAND SF

156,213 SF

ZONING

-

APN/PARCEL ID

64-730-10-01-00-0-00-000,64-730-10-02-00-0-00-000

ASK ABOUT THIS PROPERTY

Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.