Marcus & Millichap is pleased to offer for sale the fee simple interest in the 83-room Sleep Inn & Suites located at 1840 N Church Road in Liberty, Missouri (the “Property”), part of the Kansas City MSA. The hotel is a three-story property built in 2011 and located directly off Interstate 35. The hotel has underperformed the market and has been well below the competitive set RevPAR and is likely best suited as a conversion to City Express by Marriott, or similar.
Kansas City is the 31st largest metropolitan area in the United States with a population of ±2.25 million as of 2024. The Kansas City MSA population has increased by ±240,000 (11.93%) from 2010 to 2024. Liberty is a suburb of Kansas City and is located 15 miles northeast on Interstate 35. Liberty is proximate to a variety of demand generators within the medical, leisure, and manufacturing industries. Some of these include Liberty Hospital, Ford Kansas City Assembly Plant, Arrowhead Stadium, Kansas City International Airport, North Kansas City Hospital, Hallmark Distribution, Kansas Speedway, and more.
Sleep Inn & Suites provides the opportunity for a new owner to acquire a less than 15-year-old box at a very attractive basis in a strong submarket of a top-25 MSA with the potential to realize significant RevPAR growth through renovation and conversion to a stronger brand.