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1215 Wyandotte St
Kansas City, MO 64105
Historic Aladdin Hotel in Downtown KC · Hospitality Property For Sale
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86,854 SF
Investment Highlights
- Hosting Tours - February 20th, 22nd, 27th, & 29th. PSVP with Broker Team
- Offered unencumbered of brand and management, new ownership can acquire and reposition the asset to an unrepresented brand or convert to multifamily.
- The Aladdin offers the opportunity to capture incentives including Historic Tax Credits and PACE, in addition to the existing TIF (expires 2029).
- Kansas City has seen unprecedented growth over the last decade, fueled by the new $1.5B airport, multifamily projects, and key corporate expansions,
- The high-end competitive set achieved a RevPAR of $134 through occupancy of 66% and an ADR of $203 as of November YTD 2023.
- The anticipated acquisition price, coupled with the subsequent “all-in” pricing after renovation will be significantly below replacement cost.
Property Facts
| Sale Condition | Auction Sale | Building Size | 86,854 SF |
| Type of Ownership | Fee Simple | No. Stories | 16 |
| Property Type | Hospitality | Year Built/Renovated | 1925/2007 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.16 AC | Parcel Number | 29-230-05-04-00-0-00-000 |
| Construction Status | Converted | ||
| Zoning | C4, Kansas City | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.16 AC |
| Construction Status | Converted |
| Building Size | 86,854 SF |
| No. Stories | 16 |
| Year Built/Renovated | 1925/2007 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | C4, Kansas City |
| Parcel Number | 29-230-05-04-00-0-00-000 |
Amenities
- Business Center
- Fitness Center
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
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