Assignment Overview
RobertDouglas advised VanTrust Real Estate LLC on the sale of Hotel Sorella Country Club Plaza. Hotel Sorella was acquired by a partnership between a real estate investment management firm and a privately-held hotel management company. The Hotel’s high quality of design and finishes, irreplaceable real estate, and robust market conditions created substantial investor interest that ultimately led to the most optimal outcome for the Seller.
Property Background
The Hotel Sorella opened in November 2013 to critical acclaim and features 132 oversized guestrooms, a rooftop pool, and bar, 6,000 square feet of meeting space and a host of amenities. Hotel Sorella is part of the Plaza Vista mixed-use development that also includes a 250,000 square-foot, class AA office building, and a 940-space subterranean parking garage. The development occupies an irreplaceable location directly adjacent to Country Club Plaza, a 55-acre, luxury lifestyle center located in the heart of Kansas City’s Plaza District that was recently purchased for $660 million by a partnership between Taubman Centers, Inc. and The Macerich Company.
Deal Highlights
| Client (Seller): Buyer: Sale Proceeds: Key Count: | VanTrust Real Estate LLC Confidential Confidential 132 total keys |
