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| The 398-room Marriott Kansas City Overland Park Hotel |
OVERLAND PARK, KS, Aug. 5, 2019—Officials of a joint venture comprised of
Wexford Lodging Advisors, a leading hotel investment and asset management firm,
and Trinity Private Equity Group, one of the nation’s top alternative
investment firms, today announced the acquisition of the 398-room Marriott
Kansas City Overland Park.
The joint venture will invest approximately $17 million to
upgrade the property’s guest rooms and public spaces. Davidson Hotels and
Resorts, one of the nation’s largest third-party management companies, will
operate the hotel.
“We are very pleased to announce our second
acquisition with Trinity Preferred Equity Group, following our acquisition in
April of the DoubleTree Suites Nashville Airport," said John Rosen,
president, Wexford Lodging Advisors.
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| John Rosen |
“We are also excited to work with Davidson Hotels &
Resorts to plan and implement the repositioning this prominent hotel
deserves.”
"In addition to a full guestroom remodel, Wexford’s
plan includes renovation of the meeting space and lobby, in addition to the
introduction of Marriott’s M Club concierge lounge, as well as development of a
brand new, best-in-class fitness center experience."
Davidson Hotels & Resorts President Thom Geshay said, “Kansas
City is a bourgeoning market, and the Marriott Kansas City Overland Park is at
the heart of the action.
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| Thom Geshay |
Located at 10800
Metcalf Ave., the 11-story hotel is situated on I-435 within 20 million square
feet of office space, proximate to major headquarter offices, including Black
& Veatch, Sprint, YRC and AMC Theaters.
CONTACTS:
Chris Daly, media
(703) 435-6293
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