Southmoreland on the Plaza

Kansas City, Missouri
www.southmoreland.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
13
Baths
13
Restaurant
No
Owners Quarters
Yes
Asking Price
$2,300,000

Occupancy Rate
67%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

A world class historic Inn property in an all but perfect location for attracting both business and leisure guests who return and refer their friends and associates to Southmoreland on the Plaza.


Property Description

Southmoreland on the Plaza is an established successful 13 room urban Inn with a customer base of both leisure and business guests. The Inn is located in a lovingly restored historic property just steps from Country Club Plaza, a Kansas City shopping and dining destination. The Inn has been has been updated to provide all the amenities today’s leisure or business traveler might want. Spacious guest rooms have a selection of balconies overlooking the park like grounds, fireplaces and spa baths. Southmoreland’s guest common areas both inside and out are sunny spacious and welcoming. The guest living room, porch, dining/meeting room, breakfast room and patio offer guests gathering spaces to meet leisure and business needs. Behind the scenes a large beautifully appointed commercial kitchen, office and one bedroom owners/managers quarters. Parking, storage and updated systems throughout.


Business Description

Kansas City is a vibrant mid-size city with appeal for both young professionals and empty nesters returning to an urban setting. The food and cultural scene are exciting and seem to be fueled by economic growth that covers a number of industry sectors, so somewhat recession resistant. The quality of housing and services across the economic spectrum is impressive. Kansas City seems to have found a formula for making the most of their past and their future. This level of investment and understanding of future opportunities is a strong backdrop for the Southmoreland business. Southmoreland’s owner innkeepers have taken advantage of the positive business climate and created a successful business.


Reason for Selling

After many successful years as Innkeepers Owners are moving on to new adventures.


Terms & Asking Price

Turnkey sale including real estate, furnishings fixtures and equipment, business/domain name, guest list and advanced reservations. Financials available to qualified buyers.