Courtyard Overland Park Convention Center

11001 Woodson Street, Overland Park, KS

Market Price

Price

168

Keys

2000

Year Built

Gallery
Street
Map
Overview
Keys
168
Year Built
2000
Management
Encumbered
Floors
6
Parking Spots
200
Description

RI Marketplace Online Auction March 25-27. 2024
Register to Bid Here:

https://rimarketplace.com/auction/1762/courtyard-overland-park-convention-center?utm_source=brevitas&utm_medium=listing&utm_campaign=hospitality_1762


Robert Douglas has been exclusively retained to solicit offers from qualified investors to acquire the Courtyard Overland Park Convention Center (the “Hotel” or the “Property”), a Marriott premium-branded, select-service hotel located in Overland Park, KS. The Hotel is offered fee simple and encumbered by Marriott brand and management.
The Courtyard Overland Park Convention Center is a 168-key, upscale hotel in the Marriott brand family. The Property is located in the South Johnson County market, the largest office market in Kansas City and home to more than 40 corporate headquarters, including Zurich Insurance Group, Black & Veatch, T-Mobile, OptumRx, and Yellow Corporation. Following the T-Mobile and Sprint merger in 2020, the company announced Overland Park’s former Sprint campus as its second headquarter. The company employs over 6,000 metro-area employees with plans to grow.

Richard Shawn Terrel
Fisher Auction Company Inc.
License: 00216208

Highlights
  • Class-A Overland Park Office Submarket: The Hotel is located in the heart of Overland Park’s College Blvd. premier office submarket and is made up of 21.5 million SF of office properties, from Class-A towers to suburban office parks.
  • Premier Convention and Office Market: The Property is located adjacent to the Overland Park Convention Center and in proximity to major corporate headquarters within the technology and pharmaceutical industries.
  • $1.5B New Airport Terminal Expansion: Located just a 30-minute drive from the Hotel, the Kansas City International Airport recently completed a $1.5 billion expansion project. The airport is expected to see an increase in passenger traffic of 50% over the next 20 years.
  • Aspiria Campus Development: Located less than a mile from the Hotel, the Aspiria Campus is a major mixed-use development for Overland Park. The development is expected to revitalize the former Sprint campus and make Overland Park a more attractive destination for businesses and residents.
  • Best-in-class Marriott Brand and Management: The Hotel is exposed to the largest reservation and guest loyalty program in the industry and is managed by award-winning and well-resourced Marriott.
  • Limited Exposure to Full-Service Operational Risks: Rooms driven Hotel that do not carry the operational overhead, cost structure, and labor exposure of a full-service hotel.
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