TOTAL INVESTMENT = $24M
SpringHill Suites = $10M
Holiday Inn Hotel & Suites = $14M
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Hunt Midwest Commerce Center Books Two New Hotel Projects
SpringHill Suites and Holiday Inn Hotel & Suites add momentum to retail and restaurant activity in thriving Northland commercial development
Kansas City, MO — February 2, 2017 — Hunt Midwest has closed on the sale of two hotel sites within Hunt Midwest Commerce Center, a 140-acre commercial development located near I-435 and Parvin Road. The transactions will result in the construction and opening of a 90-room SpringHill Suites by Marriott and a 126-room Holiday Inn Hotel & Suites in 2018.
“Hunt Midwest Commerce Center is attracting attention from hotel operators and retailers who can successfully draw leisure travelers and business travelers to their businesses,” said Ora Reynolds, president and CEO of Hunt Midwest. “With proximity to Worlds of Fun, two Kansas City casinos and the Truman Sports Complex, this location has been a favorite for regional tourists for decades, and now with more than 50 businesses located across the street at Hunt Midwest Business Center, HMCC is an ideal place for corporate travelers seeking convenience, class and comfort.”
The new hotels will join more than 15 successful businesses within Hunt Midwest Commerce Center, which is part of Hunt Midwest’s 2,500-acre, master-planned development straddling I-435 near Parvin Road. Two additional restaurant sites remain available at HMCC, which has seen an uptick in recent retail activity including a new QuikTrip store, remodeled Wendy’s restaurant and new Taco Bell.
“We are seeing a lot of activity at Hunt Midwest Commerce Center from companies who like its location as well as its visibility to more than 65,000 vehicles along I-435 every day,” said Mike Bell, Hunt Midwest’s vice president of commercial development. “Other benefits of an HMCC location that commercial users appreciate are flexible lot sizes, transaction terms, architectural freedom and available incentives.”
KMG Hotels will operate the SpringHill Suites by Marriott, which it is developing under the name of Park Hospitality LLC. Groundbreaking for the 90-room, all-suites hotel and 1,500 square feet of meeting space is expected this spring with completion in May of 2018, according to Jay Koshiya, KMG Hotels partner and owner.
“Hunt Midwest Commerce Center’s proximity to the metro area’s largest family entertainment venues — Worlds of Fun and Oceans of Fun — makes it an ideal location for a hotel geared to family travelers,” Koshiya said. “We believe the timing is right to bring Marriott’s all-suites concept to this growing corridor.”
Elite Hotel Group, LLC will own and operate a new 126-room Holiday Inn Hotel & Suites, which will include 4,500 square feet of meeting space, a full-service restaurant and sports-themed bar. Elite Hotel Group is owned by Larry Patel and John Edmiston. Groundbreaking is expected early in the second quarter, with an opening planned for the fall of 2018.
“The reason we picked that area is because the existing Holiday Inn is basically a landmark for generations of travelers to Kansas City through the years,” said Randy Penick, director of development and construction for the project. “Families from the four-state area have stayed there time and again when visiting Worlds of Fun and Oceans of Fun, so we wanted to be in the same general vicinity to keep that legacy going.”
The new Holiday Inn Hotel & Suites will be located one block south of the existing Holiday Inn, which is expected to remain open but will operate under a different hotel name when it is removed from the Holiday Inn system later this year.
Hunt Midwest Commerce Center offers direct access to MO-210, I-435, I-35, I-70 and I-29 and is located just 10 minutes from downtown Kansas City and 20 minutes from KCI. HMCC is home to Vatterott College, seven hotels, and several restaurants and retail stores.
About Hunt Midwest
Hunt Midwest is a full-service real estate development company with a focus on industrial, commercial, retail, mission critical, multifamily, senior living and residential real estate. Its portfolio is anchored by SubTropolis, the world’s largest underground business complex. Hunt Midwest is a Kansas City-based, privately held company owned by the Lamar Hunt family. The Hunt family business is a diverse portfolio of entities involved in real estate, sports/media, energy/resources, private equity and investments. Marquee entities include the Kansas City Chiefs, Hunt Midwest, Hunt Southwest, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.
Holiday Inn Hotel & Suites Renderings: Photo 1 | Photo 2 | Photo 3
SpringHill Suites Renderings: Photo 1