KANSAS CITY, KS—Warmbrodt Hotel Investments (WHI) has closed the sale of the Hilton Garden Inn Kansas City/Kansas here. WHI was the exclusive adviser on behalf of the seller, KCK Hotel Group, LLC, a public/private partnership between the Unified Government of Wyandotte County/Kansas City, KS and a local investment group. The property was sold to an affiliate of Fairwood Capital. HP Hotels has assumed the management of the hotel. The purchaser plans to renovate the guestroom bathrooms.
“This property was received very well by the national, regional and local investor community, and the results for the seller were excellent. The transaction accomplished separating the adjacent Reardon Center from the hotel’s operations, which allowed the Unified Government to enter into a new lease with Kansas City’s largest caterer, Brancato’s Catering. Because of the complexity of the transaction, all parties involved were patient and worked together to bring this to a close,” said Herb Warmbrodt, president of WHI.
The 147-room, six-story, interior-corridor property is a modern prototype building located in central Kansas City. Each room contains a 37-in. LCD television, MP3-compatible alarm clock, coffeemaker, refrigerator and microwave.
The property is near Kansas City International Airport, and local attractions include Sprint Center, Legends Shopping Center, Kansas Speedway, the Power & Light District and the Kaufman Center for the Performing Arts.