MIAMI, FL – The Miami and Pittsburgh offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they jointly closed the sale of the Kansas City Marriott Country Club Plaza (photo above) in Kansas City, Missouri. HFF senior managing director Dan Carlo, (photo at left) managing directors Patrick Poggi (photo bottom right) and Mark Popovich,(photo top right) and real estate analysts Jaret Turkell and Ann Marie Milan led the investment sales team on behalf of the seller, an affiliate of GE Real Estate. An affiliate of Noble Investment Group, LLC purchased the property free and clear of debt.
The Marriott Kansas City at Country Club Plaza is a full-service, 19-story hotel positioned in the affluent Country Club Plaza district of Kansas City.
Country Club Plaza is Kansas City’s premier shopping and entertainment destination and the oldest suburban shopping center in the U.S. Many shops and restaurants in the city are within easy walking distance of the hotel. Additionally, several corporate headquarters and schools immediately adjoin the property. Originally built in 1987 and extensively renovated in 2000, the Marriot
t Kansas City at Country Club Plaza has 295 rooms and 16,000 square feet of indoor function space.
t Kansas City at Country Club Plaza has 295 rooms and 16,000 square feet of indoor function space. “The Property has tremendous long-term potential,” said Poggi, “it is an attractive destination for both transient and corporate group business, and it continues to benefit from its central position in the renowned area of Country Club Plaza.”
GE Real Estate (http://www.gerealestate.com/) is one of the world’s premier commercial real estate companies with more than $79 billion in assets and a presence in 32 countries throughout North America, Europe, Asia and Australia/New Zealand.
GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed- and floating-rate mortgages for new acquisitions or recapitalizations of commercial real estate.
Noble Invest
ment Group (http://www.nobleinvestment.com//) is a real estate private equity fund manager and an integrated operating and development organization that specializes in value-added investments within the North American lodging and hospitality sector.
Contacts:
Contacts:
Laurie Fish McDowell
HFF Associate Director, Marketing
HFF Associate Director, Marketing
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
tel 617.338.0990
fax 617.338.2150
Patrick Poggi,
HFF Managing Director
(305) 448-1333
Mark Popovich
HFF Managing Director
412 281 8714
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