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

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Eco-Friendly Practices: The Value of Sustainability
The hotel industry continues to make remarkable progress in implementing sustainability policies and procedures in their properties throughout the world. As a result, they continue to reap the benefits of increased profitability, enhanced guest experiences, and improved community relations. In addition, as industry standards are codified and adopted worldwide, hotels can now compare how their operations measure up against their competitors in terms of sustainable practices and accomplishments. This capacity to publicly compare and contrast is spurring competition and driving innovation as hotels do not wish to be left behind in this area. Water management and conservation is still a primary issue as population growth, urbanization, pollution and wasteful consumption patterns place increasing demands on freshwater supply. Water recycling; installing low-flow fixtures; using digital sensors to control water usage; and even harvesting rainwater are just a few things that some hotels are doing to preserve this precious resource. Waste management is another major concern. Through policies of reduce, reuse and recycle, some hotels are implementing “zero-waste” programs with the goal of substantially reducing their landfill waste which produces carbon dioxide and methane gases. Other hotels have established comprehensive training programs that reinforce the value of sustainability. There is employee engagement through posters and quizzes, and even contests are held to increase innovation, sensitivity and environmental awareness. Some hotels are also monitoring a guest’s energy usage and rewarding those who consumed less energy with gifts and incentives. The May issue of the Hotel Business Review will document how some hotels are integrating eco-friendly practices into their operations and how they and the environment are benefiting from them.