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Mission Hill Hospitality Continues Growth with Acquisition of Oread Lodge in Lawrence, KS


DENVER, CO – Mission Hill Hospitality, a KSL Capital Companions portfolio firm targeted on reworking choose service and prolonged keep resort investing, introduced it has acquired the Oread Lodge, a 102-key property adjoining to the College of Kansas in Lawrence. It will likely be branded as Oread Lodge, Tapestry Assortment by Hilton. Phrases of the deal are undisclosed. The Oread Lodge is Mission Hill Hospitality’s 24th acquisition for the reason that firm was launched in March 2021.

“This acquisition introduced a singular alternative to develop our portfolio geographically in a significant schooling market with excessive demand, providing unparalleled proximity to the College of Kansas,” mentioned Tom Barber, Managing Director, Mission Hill Hospitality. “Mission Hill Hospitality continues to give attention to focused acquisitions of hand-picked, high-quality belongings in strategic areas, with the Oread Lodge representing our first funding within the Midwest.”

Positioned at 1200 Oread Avenue adjoining to the college entrance, Oread Lodge has views of the campus and soccer stadium, which is a brief stroll from the property. It boasts 15,000 sq. toes of assembly area, a full-service, three-meal restaurant, bar, retail area, two massive out of doors terraces, and a health heart.

The ten-story property was initially developed in 2010 as a 99-key resort with 9 residential condominium models. Deliberate capital enhancements will characteristic conversion of three apartment models to resort suites. Extra enhancements embrace substantial upgrades to visitor loos, new furnishings, and renovated occasion and public area.

The College of Kansas is a public and analysis college with a scholar inhabitants of practically 30,000 and 10,000 workers. It’s the oldest college in Kansas, based in 1865. It’s situated lower than 50 miles from the Kansas Metropolis airport.

The 1,000-acre College of Kansas campus in Lawrence options the Spencer Museum of Artwork’s massive assortment of latest and indigenous artwork, and the KU Pure Historical past Museum with a group of dinosaur fossils. Different close by off-campus sights embrace Massachusetts Road (“Mass Road”), a significant thoroughfare for retail, eating and nightlife, the Lawrence Arts Middle, Watkins Museum of Historical past, the Prairie Park Nature Middle, Baker Wetlands, and the trail-lined Clinton State Park.

About Mission Hill Hospitality

Mission Hill Hospitality invests within the choose service and prolonged keep resort sector. The Denver-based agency focuses on value-add and improvement tasks that current vital alternative given market and financial situations. Mission Hill Hospitality’s portfolio at present contains 24 properties.

Mission Hill Hospitality brings collectively a devoted group of funding professionals with many years of intensive expertise in lodging throughout product varieties and supplies a variety of experience throughout capabilities together with operations, asset administration, acquisitions, improvement, and capital markets. For extra data go to http://missionhillhospitality.com.



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