04/08/2026
Leisure Real Estate Advisors, LLC, located in metro Kansas City, is pleased to announce that it has arranged the recent sale of the following hospitality properties.
Bluemont Hotel, Manhattan, KS
A joint venture between TCOR Hotel Partners, located in Dallas, TX and Waterfall Asset Managers, based in New York City, acquired The Bluemont Hotel and subsequently announces its transformation into a Graduate by Hilton. The Graduate brand is well known for its portfolio of hotels with creative university themed designs, all being adjacent to major 4-year institutions.
Located at 1212 Bluemont Avenue in the heart of Manhattan and adjacent to Kansas State University, the iconic 112-room hotel has long served as a staple for KSU alumni and visitors, situated at the doorstep of the timeless Aggieville entertainment district. The sale marks a significant transition for the property, which was originally developed and owned by K-State alumni, the Excel Group, LLC, who envisioned a "home away from home" for the Wildcat community. It has historically been the highest rated hotel in the Manhattan market.
“This sale demonstrates the confidence in the Bluemont’s current performance, in the Manhattan hospitality market, and in the relatively new Graduate by Hilton brand,” states Brent Jaynes, Managing Partner for Leisure Real Estate Advisors, LLC. “All parties involved worked through the difficulties created by volatile financial markets and government shutdowns to reach the finish line,” comments Jaynes.
The sale price was not disclosed, but the list price was $17,000,000. Leisure Real Estate Advisors represented the ownership, Excel Group, LLC. Blue Mountain Capital, Inc was the developer and manager.
Holiday Inn Express & Suites West, Topeka, KS
Leisure Real Estate Advisors, LLC is pleased to announce it has arranged the sale of the 81-unit Holiday Inn Express & Suites West, located at the prime intersection of I-70 and Wannamaker Road in Topeka, Kansas. Known as a superior performer within the market, the property features a newly signed 15-year license and sits at the gateway to the massive Wannamaker retail corridor. The sale also included 2 adjacent vacant parcels, totally about 6 acres, and owned by the Seller, Topeka Hotel, LLC, based in Oklahoma City.
"The Holiday Inn Express flag is an upper mid-scale premium brand and always attracts investment attention," says Brent A. Jaynes, Managing Partner with Leisure Real Estate Advisors.
The property was marketed as a high-performing asset with strong net operating income, notes Leisure Real Estate Advisors. The Buyer assumed a list of updated premium brand standards at an estimated cost of over $2,000,000, which will essentially create new rooms and common areas. The Kansas City and Florida based Buyer involved several partnerships, and included AIM Hotel, LLC and Bala Properties, LLC.
The purchase price was not disclosed. The listing price was $8,200,000, which did not include the vacant parcels.
Holiday Inn Express & Suites, Columbus, NE
The recent sale of the Holiday Inn Express & Suites, Columbus NE has been arranged by Leisure Real Estate Advisors, LLC, a Kansas City based brokerage firm specializing in the marketing and sale of hospitality assets. Brent Jaynes, Managing Partner, and Cofounder of Leisure Real Estate Advisors, represented the Owner, HIC Express, Inc in the sale. The Owner, based out of Kearney, NE, is family owned, and is one of the leading hotel developers in the state of Nebraska and is a highly rated operator. The Buyer, Columbus HIE, LLC is also a well-known and respected operator based in Lincoln, with operations in NE, KS, CO, and IA.
The transaction reflects sustained investor demand for stabilized, branded hotel assets with strong cash flow and proven operating performance. Columbus continues to benefit from a diverse economic base including manufacturing, agriculture, healthcare, and regional business travel, supporting year-round lodging demand. “The secondary and tertiary markets in Nebraska can be surprising business towns and Columbus is no exception. This Express is an excellent performer and has been since it was built. The new owners will enjoy cash flow from day one,” comments Jaynes
The 91 key hotel was listed for $10,500,000, but the purchase price was not disclosed. The property will operate under a new 15-year license from IHG, the parent company of the Express brand.
About Leisure Real Estate Advisor, LLC
Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels and provides exclusive representation to owners of hotel real estate. With over 110 years of collective hospitality experience and over $1.5 billion in sales, the company has become one of the premier hotel brokerage firms in the Midwest and has been recognized by Hotel Business and Hotel Management magazines for its performance. It has also received many Power Broker Awards from CoStar, including 2025, 2024, 2023. It has offices in Kansas City, Columbia, MO, with affiliates in Lincoln, NE. For more information on this sale or to discuss the investment market in general, please direct your questions to:
Brent A. Jaynes, Managing Partner 913-499-4731.
