Boutique Hotel Deal in Kansas City

[Logan Freeman]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Kansas City.

Purchase price: $1,250,000
Cash invested: $380,000

The riches are in the niches! This is one of our boutique Bed and Breakfast hotels located on the KC Country Club Plaza. It is an art hotel that is nestled in between the KC Art Institute, Nelson Atkins and Kemper Museums.

What made you interested in investing in this type of deal?

The yield, and the barrier of entry is high. Everyone wants multi-family investments, but that asset class is very saturated. This asset class allows us to return impressive yields.

How did you find this deal and how did you negotiate it?

Found this deal while doing due diligence on our other sister hotel on the Plaza. ALWAYS sit down with the seller directly!

How did you add value to the deal?

It was not operational when we purchased. We are adding value by actually brokering art out of the hotel, more efficient management, marketing and implementing a corporate rental strategy.