Jones Lang LaSalle Hotels' Select Service Division Announces Sale of Wyndham Garden Overland Park (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on Tuesday 24 June 2008
Jones Lang LaSalle Hotels’ select service division is pleased to announce the sale of the Wyndham Garden Overland Park. The 180-room hotel features a fitness center, an outdoor swimming pool, a lounge, the Garden Café, and 3,800 square feet of flexible meeting space.
Overland Park is a growing and affluent suburb of Kansas City. Recently ranked 6th in Money magazine’s “Best Places to Live,” the community was recognized for its abundance of high-paying jobs and enjoys upward-trending economic activity. The property is well positioned near the Overland Park Convention Center as well as a high concentration of major corporate office parks.
“The sale represented a targeted disposition for an institutional client ,” said Adam McGaughy, a senior vice president for Jones Lang LaSalle Hotels. “Through a more hands-on management approach, the new owner will have an opportunity to better impact bottom line returns.”
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