Hawkeye Hotels has acquired the 201-room Hilton Garden Inn in Independence, Mo., about 10 miles east of downtown Kansas City. The property was purchased out of receivership for an undisclosed sum. The transaction was arranged by NGKF Hotels on behalf of the seller, court-appointed receiver First Hospitality Group.
"We are very excited to join the Independence, Missouri, community and look forward to bringing changes to the Hilton Garden Inn that will improve the property and in turn the surrounding community," said Hawkeye Hotels president, Ravi Patel. "Due to our collaborative relationships with Hilton and regional lenders, we are able to acquire and develop premium-branded hotels in markets that exhibit strong growth."
NGKF Hotels Senior Managing Director Sam Winterbottom and director Bhavesh "B.J." Patel, both with the NGKF Atlanta office, represented the seller in conjunction with Southeast International Hotel Brokers.
"A number of investors were eager to bid on this particular hotel, which houses the Hereford House Steakhouse that has become a Kansas City icon over the past 50 years," Winterbottom said. "The buyer gained a first-rate hotel for well below the cost of new construction, and our client garnered a healthy selling price that benefited from competition among the bidders."
Built in 2001, the property underwent a 2010 $4-million refurbishment of the lobby and guestrooms. The hotel has an indoor swimming pool, business center, guest laundry facility and 11,330 square feet of meeting space.