EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY …

[Pages:2]EEXXCCLLUUSSIIVVEEMHUOLSTPIIFTAAMLITLY OFFERING

QUALITY INN & SUITES KANSAS CITY I-435 1051 N CAMBRIDGE ST KANSAS CITY, MO 64120

Price PIP Down Payment Loan Amount

Loan Type Interest Rate / Amortization Number of Rooms Price/Room Ownership Type Year Built Lot Size

OFFERING SUMMARY

$4,950,000 $0 25.19% / $1,246,781 $3,712,500 Proposed New 5.75% / 25 Years 117 $42,308 Fee Simple 1987 5.61 acre(s)

CAP Rate Room Revenue Multiplier Occupancy ADR Rev PAR Room Revenue Total Expenses Net Operating Income Net Cash Flow After Debt Service Total Return

ASSET PERFORMANCE DATA

CURRENT 6.74% 3.03 66.00% $58.17 $38.39 $1,634,863 $1,225,309 $333,490 $53,223 9.77% / $121,810

YEAR 1 10.38% 2.90 67.00% $59.92 $40.15 $1,709,450 $1,116,381 $513,915 $233,648 24.24% / $302,235

INVESTMENT HIGHLIGHTS

? 117 Room, Interior Corridor, Two-Story, Limited Service Hotel ? 6.4 Miles East of Downtown Kansas City ? Upside Potential Through Management and Reduced Payroll ? Room Revenues Up Over 63% Since 2014 ? Priced at 3 Times 2017 Gross Room Revenue ? Under $42,500 Price Per Key

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540010 Property ID: 4810234)

QUALITY INN & SUITES KANSAS CITY I-435 1051 N CAMBRIDGE ST KANSAS CITY, MO 64120

EEXXCCLLUUSSIIVVEEMHUOLSTPIIFTAAMLITLY OFFERING

MARKET COMPETITORS

HOTEL/MOTEL

La Quinta Inns & Suites Kansas City North Best Western Country Inn North

Super 8 Kansas City Worlds of Fun Comfort Inn & Suites Kansas City Northeast Fairfield Inn & Suites Kansas City Near Worlds of Fun

ADDRESS

2214 Taney St, North Kansas City, MO 64116 2633 NE 43rd St, Kansas City, MO 64117 4321 N Corrington Ave, Kansas City, MO 64117

7300 NE Parvin Rd, Kansas City, MO 64117

4231 N Corrington Ave, Kansas City, MO 64117

NUMBER OF ROOMS

OPEN DATE

96

01/1991

44

05/1987

68

09/1996

86

10/1999

70

09/1999

MILES TO SUBJECT

3.4 4.0 3.2 2.9

2.9

101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540010 Property ID: 4810234)

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