913-906-8600
9461 Lenexa Dr, Lenexa, KS for Sale
Hospitality - FOR SALE
1/16
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9461 Lenexa Dr
Lenexa, KS 66215


HIGHLIGHTS

  • 106-room Wyndham-flagged upper midscale hotel in Lenexa, KS.
  • Kiewit Power HQ with 1,700 employees is 3 miles from property.
  • Upper Midscale ADR of $131 vs. property rate signals rate upside.
  • Owner-operator opportunity with 106 rooms at I-35/I-435 junction.
  • EPA Region 7 federal campus anchors government transient demand.

OVERVIEW

Reco Real Estate Advisors is pleased to present La Quinta Inn & Suites by Wyndham Kansas City Lenexa, a 106-room upper midscale hotel located at 9461 Lenexa Drive in Lenexa, Kansas. Situated within Johnson County's premier commercial corridor at the intersection of I-35 and I-435, the Property operates under the globally recognized La Quinta brand — one of Wyndham Hotels & Resorts' leading select-service flags — in a submarket of 82 properties and approximately 9,500 rooms where the Upscale & Upper Midscale segment commands a $131 ADR. The Property benefits from an exceptionally diversified demand base led by Kiewit Power Constructors, which employs approximately 1,700 professionals at its Lenexa headquarters as part of a $17.1 billion parent organization. Additional demand anchors include the EPA Region 7 headquarters — a 169,585 SF LEED Platinum federal facility — a cluster of over 40 life sciences companies including Quest Diagnostics (2,180 employees) and Thermo Fisher Scientific, AdventHealth's expanding Lenexa campus (up to 98 licensed beds), Amazon and UPS logistics operations, and CommunityAmerica Credit Union's corporate headquarters (831 employees). Lenexa Drive carries approximately 107,912 vehicles annually, and Kansas City International Airport — which completed a $1.5 billion terminal redevelopment in 2023 — is approximately 41 minutes from the Property. Originally constructed in 1978 with reinforced concrete construction and comprehensively renovated in 2003, the three-story interior-corridor hotel sits on 1.85 acres with 92 surface parking spaces (0.87 per room). Guest amenities include an outdoor pool, complimentary breakfast, fitness center, business center, private patios, and high-speed WiFi. The Property operates as a smoke-free facility consistent with current brand standards. With zero midscale or economy rooms under construction in the Lenexa & Overland Park submarket, the Property occupies a supply-protected position at a price point insulated from current pipeline activity. The Lenexa & Overland Park submarket posts 12-month occupancy of 66.1% with ADR growing 3.6% year-over-year and RevPAR increasing 3.2%, while CoStar forecasts continued ADR growth to $124. All 486 rooms currently under construction are classified as Upscale or Upper Midscale — no new midscale or economy supply is entering the market.

FOR SALE DETAILS

PRICE

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# OF ROOMS

106

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Kansas City Lenexa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1978

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,786 SF

ZONING

CP3

APN/PARCEL ID

IF241234-4039

ASK ABOUT THIS PROPERTY

Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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