April 11, 2023
ATLANTA – Hunter Hotel Advisors announced yesterday the sale of the Fairfield Inn & Suites Kansas City Downtown Union Hill, Missouri. True North Hotel Group sold the property to an institutional buyer for an undisclosed amount. Lee Hunter, Chief Operating Officer of HUNTER, and Spencer Davidson, Senior Vice President of HUNTER, facilitated the transaction.
“We greatly appreciate the efforts that the HUNTER team went through to close this deal. We couldn’t be more pleased with the outcome and the expedited process that was made possible by Spencer and Lee. We look forward to seizing more opportunities in 2023.” said Chris Harlow, Vice President of Development at True North Hotel Group.
The Fairfield Inn & Suites provides 115 rooms to the heart of Kansas City’s Union Hill neighborhood. The property is centered around numerous demand generators from corporate, government, medical and leisure sources. Within walking distance to the Federal Reserve Bank of Kansas City, the property sits near an IRS service center that covers over a million square footage, doubling in employees every tax season. One of Kansas City’s largest tourist attractions, Union Station, drives demand to the property being just one mile north of the Fairfield Inn. Connected to the National WWI Museum and Memorial, Union Station is a historic active train station as well as a museum and entertainment center that draws hundreds of thousands of visitors annually.