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.
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