The Hampton Inn Kansas City is a four-story interior corridor 120-key Hampton Inn hotel located at 11212 N Newark Circle in Kansas City, MO. The Property is offered unencumbered of debt and management and offers investors a preforming hotel asset with value enhancement opportunities.
The Hampton Inn Kansas City was purpose built as a Hampton in 1987, the Property has been updated a number of times through the years, with ownership recently investing $3.2 million into the hotel since 2010. The Hampton is in good physical condition and is expected to receive a long-term Hilton license with the completion of a Change of Ownership PIP. The Property features complimentary breakfast, a business center, fitness center, an outdoor pool, high speed internet, and 625 square feet of meeting space.
The Hampton Inn is ideally located on N Newark Circle in the NW quadrant of N Ambassador Drive and NW 112th Street. The Hotel sits less than a mile from the KCI Expo/Convention Center, 1.5 miles from Kansas City International Airport(MCI), and 18 miles from Downtown Kansas City. This location also provides a quick drive to St. Luke’s North Hospital and a multitude of luxury dining and shopping options in the Zona Rosa Town Center. The Property is strategically positioned between the fast-growing Kansas International Airport (currently under $1.5B expansion), and the high-end Zona Rosa Town Center. Zona Rosa is an open-air, mixed-use shopping center featuring a variety of upscale retail, restaurants, entertainment, office space, and luxury residential units. The Property also features excellent visibility from the interstate and direct access to downtown Kansas City as well as the metro’s suburban interstate grid. The Property is approximately 20 minutes from Kansas City CBD with its plethora of in-town demand generators, however its favorable airport location features a wide range of corporate and leisure demand generators rivaling the CBD. The Property is positioned in a high growth area within 5-mile radius; Population Growth from 2010-2019 was ±25.39% and anticipated to continuing growing ±10.38% from 2019-2024. The Property’s 2019 demographics show approximately ±42,180 individuals residing within a five-mile radius of the property and an average household income of ±$95,293. In 2019, the total estimated specified consumer spending within a 5-mile radius of the Property accounts for ±$480,050,000 and there are ±1,507 businesses and ±22,118 employees.
The Hampton Inn Kansas City offers investors the opportunity to purchase a cash flowing hospitality asset with upside potential with the completion of a Change of Ownership PIP.
