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The Elms Resort & Spa
E xcelsior Spring s , MissourI401 Regent Street • Excelsior Springs, Missouri 64024
visit hotel website
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Please contact Herb Warmbrodt at 1-816-960-4747 or via email
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The landmark Elms Resort & Spa in historic Excelsior Springs,
Missouri, offers an exceptional opportunity to acquire a rare and
irreplaceable asset with strong upside potential.
With 153 units, extensive spa facilities, more than 11,000 square
feet of meeting space and elegant dining options for guests, this hotel
is the only full-service lodging property in the city. It is located
30 miles north of downtown Kansas City. Recently renovated, this
property is offered at $6,500,000, only $42,483 per room. This price
reflects a fraction of replacement cost for the six-story, interior
corridor hotel and its surrounding 16 acres.
PRICE: $6,500,000, $42,483 per room
MARKET
AREA OVERVIEW
At the close of 2004, the Kansas City lodging market was comprised
of approximately 259 properties with roughly 29,153 guestrooms.
Major hotel submarkets include the Country Club Plaza,
Crown Center, downtown Kansas City, Overland Park-Lenexa and
the Northwest/Airport area. None of the above-noted locations
contain resort destination properties. However, the Elms Resort &
Spa occasionally competes with the full-service hotels in downtown
Kansas City in attracting the meeting and group market segment.
Detailed Information is available.
Request an Offering Memorandum |
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ROOM AMENITIES
Comfortable and spacious guestrooms feature either one king bed
or one queen bed with two night stands or two double beds with
one night stand. Room service is provided for every guest.
Each
room also offers guests the following conveniences:
• Telephones with voice mail and data ports
• Irons and ironing boards
• Hair dryers
• Remote control, cable television with pay-per-view movies
• Refrigerators
• Coffee makers
• AM/FM alarm clocks
• Safe deposit boxes at the front desk
In addition, guests on the
Elms Club Floor – located
on the top floor of the hotel
– are offered personal concierge
service and a private
lounge where they can enjoy
a continental breakfast and a
social hour with cocktails and
appetizers.
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FOOD & BEVERAGE
Food and beverage services, including room
service, are provided by one of two on-site restaurants.
The 50-seat Adega Restaurant offers
fine dining in the evenings while the 75-seat
Elms Dining Room presents guest with a more
casual dining atmosphere for breakfast, lunch
or dinner. In addition, the Library Lounge
seats 35 and the Lobby Lounge seats 20.
Catering is available for guests who use the
MEETING SPACE
The Elms Resort & Spa offers 11,609 square feet of flexible meeting
space including the 3,900 SF Grand Ballroom with banquet
seating capacity of 300. A second ballroom can accommodate 200
and features floor to ceiling windows, open beams, and a fireplace.
Detailed Information is available.
Request an Offering Memorandum
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EUROPEAN-STYLE SPA
Built in 1888 as a luxury spa resort featuring mineral waters
believed to possess healing powers and recently voted K.C. Magazine’s 2004 Best Day Spa and Salon, The Elms’ Spa
offers guests a variety of services including body treatment rooms,
steam and mineral baths, whirlpools, sauna, and more.
• 10,000 Square Foot Spa
• 24 hour Exercise Room
• Business Center
• Bike Rental and Golf Course
• Bocce Ball
• Indoor & Outdoor Pools
• Indoor & Outdoor Hot Tubs
• Horseshoes
• Volleyball
• Club Level with breakfast & evening reception
• Wireless Internet WIFI on all hotel areas and grounds |
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Centrally located in the United States, Kansas City ranks first in
the Midwest and in the top ten nationally for job growth (source:
Arizona State University survey). The city continually ranks among
the top as a strongly supported environment for both small and international
businesses. (Sources: Entrepreneur and Fortune magazines)
This central location and a high quality of life draws international
companies to Kansas City as well as new residents. According to
the U.S. Census Bureau, it is the 24th largest metropolitan area
in the United States. A high proportion of adults in Kansas City
work, and employment is diversified among several industries. The
city has a strong middle class, with gains in both moderate-income
and high-income households in the 1990s. Real median income
grew during the last decade. Compared to other cities, Kansas
City’s poverty rates remain low, its homeownership rates remain
high and its rental housing remains affordable. The median home
price is $131,000. (Source: The Brookings Institution)
With a population base of almost two million, the Kansas City
market boasts 13 Fortune 100 companies, an effective buying
income of nearly $50 billion, 23 companies with more than 1,500
employees, and the best job growth in the Midwest. Several major
companies have their headquarters in Kansas City, including the
Commerce Bancshares, Inc., H&R Block, Inc., Russell Stover
Candies, American Century Companies, Inc., Wolferman’s, Burns
& McDonnell Engineering, Hallmark Cards and Hoechst-Marion-
Rousell Laboratories.
More than $4 billion in major infrastructure improvements are
scheduled to open over the next few years, including:
- The Kansas City Power and Lights District, a $330 million entertainment
district;
- The addition of the Sprint Center, a $250 million state-of-theart,
18,000 to 20,000 seat arena expected to open in 2007;
- $135 million expansion and renovation of the Kansas City Convention Center
Detailed Information is available.
Request an Offering Memorandum
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