Highline Hospitality Partners Announces Acquisition of Kansas City Marriott Hotel Downtown
New Ownership Has Tapped Aimbridge Hospitality to Manage the 970-Room Property
Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has added its fourth property with the acquisition of the 970-room Kansas City Marriott Hotel Downtown in Missouri and tapped Aimbridge Hospitality, a leading global hospitality company, to manage the property.
Highline Hospitality Partners' team has over 60 years of combined experience across sourcing, purchasing, asset-managing, renovating, repositioning, and selling hospitality properties and has operated all classes of hotels.
"We are delighted to add the Kansas City Marriott Hotel Downtown to our expanding portfolio," said Highline Hospitality Partners' Managing Partner, Chuck Pomerantz. "With a strong conviction that convention business is coming back, and as one of the city's premiere locations for meetings and events, we are confident this property will find much continued success with our extensive experience combined with Aimbridge's unrivaled operating expertise."
Set in the vibrant downtown district, the Kansas City Marriott Hotel Downtown occupies a historic building, reflecting the charm and history of Kansas City. Visitors can walk to many of the area's prominent destinations, including the popular Kansas City Power & Light District, Kansas City Music Hall, and T-Mobile Center. Following a $40 million-dollar investment, the hotel was renovated in late 2019, and Highline plans additional innovative renovations to the public space and food and beverage outlets over the next 24 months. In addition, the property's redesigned guestrooms offer custom décor honoring Kansas City Blues and Jazz traditions.
Dining options include Metropolitan KC featuring American cuisine and BARCENTRAL, the perfect spot for lunch, happy hour or post-theater cocktails. The property offers an impressive 97,000 square feet of event and meeting space and 970 guestrooms. Additional amenities include a state-of-the-art fitness center, indoor pool, business center and complimentary WiFi.
To meet the needs of the expanding Kansas City metro area and the growing number of visitors and business travelers to the city, a new single terminal at Kansas City International Airport is set to open in 2023.
Kansas City Marriott Hotel Downtown is located at 200 W 12th St, Kansas City, MO 64105. For reservations and more information, click here
About Highline Hospitality Partners
Highline Hospitality Partners sponsors and makes investments in full and select-service hotels and resorts throughout the United States. HHP is run by an experienced, cycle-tested, principal investment team with in-depth hotel management and operating experience. HHP pursues investments where it can significantly impact value through the implementation of an operating agenda or where its operational insights and execution capabilities give it unique market and asset-level advantages. HHP's most distinguishing attribute-we combine the judgment and value creation of an experienced strategic buyer with the execution capabilities of an experienced financial buyer. For more information, please visit www.highlinehp.com.
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