KCRag Forum

TheLastGentleman wrote: ↑Thu Dec 27, 2018 2:48 pm

beautyfromashes wrote: ↑Thu Dec 27, 2018 11:24 pm Have we seen any hotel to apartment conversions DT yet? That hotel definitely needs totally redone and apartments might be a better money maker. Decent location, plenty of parking and could bring a good amount of affordable units to the area.

GRID wrote: ↑Thu Dec 27, 2018 11:31 pm It looks like they are doing some remodeling, but that building needs at least a 50 million dollar investment to bring up to par as a 3.5-4 star hotel.

It might serve a market though. It's a large hotel and affordable if you purchase on third party sites. Families coming to the city for conventions etc might find it more appealing than rooms that cost twice as much. But their advertised rates are way too high and it's not a 3.5-4 star hotel like they say. I would say it's more like a 2 star hotel and most modern 2 star hotels have nicer rooms and common areas.

I have stayed at that new Marriott and and it's really nice. It's great that KC has so many updated rooms and hotels now. Ten years ago, everything in downtown KC was dated and worn out. Now you have tons of choices.

beautyfromashes wrote: ↑Fri Dec 28, 2018 12:25 am

GRID wrote: ↑Thu Dec 27, 2018 11:31 pm It looks like they are doing some remodeling, but that building needs at least a 50 million dollar investment to bring up to par as a 3.5-4 star hotel.

It might serve a market though. It's a large hotel and affordable if you purchase on third party sites. Families coming to the city for conventions etc might find it more appealing than rooms that cost twice as much. But their advertised rates are way too high and it's not a 3.5-4 star hotel like they say. I would say it's more like a 2 star hotel and most modern 2 star hotels have nicer rooms and common areas.

I have stayed at that new Marriott and and it's really nice. It's great that KC has so many updated rooms and hotels now. Ten years ago, everything in downtown KC was dated and worn out. Now you have tons of choices.

Yes, but if they are having a hard time getting a standard rate now, it will be almost impossible to stay afloat with the amount of new rooms about to drop on the market. I doubt they get funds for a renovation, but a conversion to affordable apartments might get some money from the city. It is a big political topic at the moment.

GRID wrote: ↑Fri Dec 28, 2018 1:13 am

beautyfromashes wrote: ↑Fri Dec 28, 2018 12:25 am

GRID wrote: ↑Thu Dec 27, 2018 11:31 pm It looks like they are doing some remodeling, but that building needs at least a 50 million dollar investment to bring up to par as a 3.5-4 star hotel.

It might serve a market though. It's a large hotel and affordable if you purchase on third party sites. Families coming to the city for conventions etc might find it more appealing than rooms that cost twice as much. But their advertised rates are way too high and it's not a 3.5-4 star hotel like they say. I would say it's more like a 2 star hotel and most modern 2 star hotels have nicer rooms and common areas.

I have stayed at that new Marriott and and it's really nice. It's great that KC has so many updated rooms and hotels now. Ten years ago, everything in downtown KC was dated and worn out. Now you have tons of choices.

Yes, but if they are having a hard time getting a standard rate now, it will be almost impossible to stay afloat with the amount of new rooms about to drop on the market. I doubt they get funds for a renovation, but a conversion to affordable apartments might get some money from the city. It is a big political topic at the moment.

Well as much as the downtown hotel market has improved, it's still pretty limited compared to similar sized cities. With the new hotels coming online the next several years, I think downtown will finally be able compete even if it takes a few years to recover from all the new rooms. I'm not sure taking away a 385 room hotel in one of the best locations for a hotel in the city is a great idea.

And it would cost a lot more than 50 million to build a new modern hotel tower with nearly 400 rooms. A similar sized hotel would be over 100 million. I would say the hotel will see some investment soon. Maybe not enough to make it a true 4 star hotel, but just enough to modernize it and fill a niche for a secondary convention center hotel. You can probably do a decent upgrade for 10-15 million just to freshen it up.

I don't stay at Crown Plazas often, but it's advertised as a 3.5 star hotel on most hotel websites. I got two rooms for $60 each FYI.

I have stayed in most downtown/crown center and plaza hotels over the years, but this is the first time I have stayed at the Crown Plaza. I actually hope they redo it into a nicer hotel. You can't beat the location.

FangKC wrote: ↑Fri Dec 28, 2018 2:15 am I really doubt the Phillips will be converted to housing. Architectural Digest named it Missouri's most beautiful hotel. Every hotel has to update the rooms over time.

https://www.hotelphillips.com/