Residence Inn Kansas City Airport Listed for Sale as Fee Simple Interest

The Residence Inn Kansas City Airport, a 152-room extended-stay hotel, is now available for purchase. The property is offered as a fee simple interest and is one of only four premium-branded extended-stay hotels in the Kansas City International Airport (MCI) corridor. The hotel was built in 2007 and last underwent major renovations in 2015, with approximately $5.9 million invested since then, equating to about $39,000 per room.

The hotel is situated on a 7.52-acre site in Kansas City’s Northland area, southeast of the recently renovated Kansas City International Airport. The airport completed a $1.5 billion transformation, resulting in a record year for passenger traffic. This has expanded the travel base in the area, potentially increasing demand for nearby hotels.

Location and Market Factors

The hotel’s location offers convenient access to downtown Kansas City and is positioned in a district with a high concentration of corporate and leisure demand drivers. The Northland area is noted for its established business activity and proximity to major transportation routes.

Kansas City is preparing to host the 2026 FIFA World Cup, which is expected to increase lodging demand given its limited hotel supply relative to other host cities. The region has also seen significant investment from multinational corporations such as Google, Coca-Cola, and Panasonic, which have committed substantial funds to long-term projects in the area. These factors are contributing to a strengthening local economy and increased demand for hotel accommodations.

Property Features and Amenities

The Residence Inn Kansas City Airport operates under the Residence Inn by Marriott brand and is currently managed by Atrium Hospitality. The management contract is available unencumbered, giving a potential buyer added flexibility.

The hotel offers a range of amenities, including a business center, complimentary breakfast, convenience store, fitness center, grocery shopping service, indoor pool, on-site laundry facility, and outdoor grills.

Investment Highlights

Key investment highlights include the property’s prime location within a major Midwest airport submarket, as well as an opportunity to increase room rates and recover previously lost room nights. The hotel also benefits from a limited supply of comparable properties in the area and is being offered at a price below replacement cost.

Additional advantages include management availability for new ownership, association with a recognized international hotel brand and distribution system, and positioning as a central U.S. destination for both business and leisure travelers.

Transaction Details

The sale is being handled by JLL’s Hotels & Hospitality Group, acting as the sole and exclusive agent. The offering includes the hotel’s fee simple interest, meaning the buyer will own both the building and the land outright. The property has not undergone a major renovation since 2015, creating the opportunity for a new owner to implement a capital improvement plan to enhance the asset’s performance.

Interested parties must execute a confidentiality agreement to access additional information regarding the sale.

Inquire at JLL.