Business & Finance

The Plasencia Group Advises on Sale of Aloft Leawood-Overland Park

TAMPA, FL. December 21, 2016 – The Plasencia Group is pleased to announce the sale of the Aloft Leawood-Overland Park hotel, located in Leawood, Kansas. The firm represented Presidian Hotels and Resorts in the sale of the six-story, 156-room hotel to Condor Hospitality Trust.

“Shortly after opening in 2009, the Aloft quickly established itself as the premier upper-end, select-service hotel, not only in Leawood and Overland Park, but throughout the southwest quadrant of the Kansas City Metroplex,” commented Robert Wiemer, Senior Vice President of The Plasencia Group. “We anticipate that the new owner will continue to benefit from the strong performance that the seller enjoyed the past several years.”

Joe Corcoran, Vice President of The Plasencia Group, added, “The hotel’s walkability and proximity to Overland Park’s Convention Center, several corporate headquarters and upscale retail, dining and entertainment should maintain its consistently strong performance.” Vice President Paul Williams also advised the client in this disposition.

The Aloft is strategically situated within an upscale outdoor retail, residential, and office complex featuring luxury residences, fine dining, shopping, and AMC Theaters’ corporate headquarters. Overland Park, Kansas, home to Sprint’s world headquarters, bolsters Kansas City’s growing reputation as a tech hub. Buoyed by these stable and diverse demand generators, the Aloft appeals to all guest segments. The Plasencia Group has completed engagements for owners of nearly fifty hotel and resort assets in the Midwestern United States since 1999 and 20 Starwood-branded hotels nationally since 2003.

About The Plasencia Group

The Plasencia Group is a full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America. For more information, please visit www.TPGhotels.com.

Contact:
Jodie Orozco
Vice President of Marketing & Partnerships
jorozco@tpghotels.com
(813) 932-1234

Coming Up In The July Online Hotel Business Review




{300x250.media}
Feature Focus
Hotel Spa: Measuring the Results
As the Hotel Spa and Wellness Movement continues to flourish, spa operations are seeking new and innovative ways to expand their menu of services to attract even more people to their facilities, and to and measure the results of spa treatments. Whether it’s spa, fitness, wellness meet guest expectations. Among new developments, there seems to be a growing emphasis on science to define or beauty services, guests are becoming increasingly careful about what they ingest, inhale or put on their skin, and they are requesting scientific data on the treatments they receive. They are open to exploring the benefits of alternative therapies – like brain fitness exercises, electro-magnetic treatments, and chromotherapy – but only if they have been validated scientifically. Similarly, some spas are integrating select medical services and procedures into their operations, continuing the convergence of hotel spas with the medical world. Parents are also increasingly concerned about the health and well-being of their children and are willing to devote time and money to overcome their poor diets, constant stress, and hours spent hunched over computer, tablet and smartphone screens. Parents are investing in wellness-centric family vacations; yoga and massage for kids; mindfulness and meditation classes; and healthy, locally sourced, organic food. For hotel spas, this trend represents a significant area for future growth. Other trends include the proliferation of Wellness Festivals which celebrate health and well-being, and position hotel spas front and center. The July issue of the Hotel Business Review will report on these trends and developments and examine how hotel spas are integrating them into their operations.