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WHI Announces Sale of the Staybridge Suites Omaha 80th And Dodge

Warmbrodt Hotel Investments (WHI) announced today they closed the sale of the Staybridge Suites Omaha 80th And Dodge, in Omaha Nebraska.  Built in 2011, the four-story building consists of 102 rooms, and is directly across the street from Children’s Hospital and Methodist Hospital.  The prime Mid-Town location is proximate to many of Omaha’s strong demand generators.  The Staybridge Suites is an all-suite, extended stay brand of hotels within InterContinental Hotels Group (IHG).

“The property excelled relative to its competitive set, and performance continued to improve. The property sold at a market cap rate commensurate to leading extended stay brands within secondary markets,” commented Zane Varvel, Vice President of WHI’s Chicago office. “Buyer and seller’s familiarity with the strength of Omaha lead to a successful transaction for both parties.”


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Holiday Inn Express Hereford, Texas

HOTEL INVESTMENT OPPORTUNITY

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals, the opportunity to acquire the Holiday Inn Express Hereford, Texas.

View the executive summary for more information.

Investment Highlights

  • 3-story, 59-room, modern prototype design in excellent condition
  • Generating significant revenue and cash flow
  • The location, flag and excellent condition make this property the market leader in the segment
  • Hereford’s employment and demand generators based in agriculture and energy, have proven to be very durable drivers of Occupancy
  • There are no plans for new hotels, and no new properties currently being built in Hereford
  • Recent renovation completed in February 2011, will require limited capital improvements upon sale
  • IHG desires to keep the property in the system

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Candlewood Suites – Midwest location

HOTEL INVESTMENT OPPORTUNITY

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals, the opportunity to acquire a Candlewood Suites – Midwest location.

View the executive summary for more information.

Investment Highlights

  • Offered at 9.6% Capitalization Rate
  • 3-story, 83-suite, modern prototype design in excellent condition
  • Generating significant revenue and cash flow
  • The location, flag and excellent condition make this property the market leader in the segment
  • Built in 2007
  • IHG desires to keep the property in the system.  Anticipate minimal PIP
  • Proximate to large number of demand generators
  • Excellent on-site management team in place
  • Delivered free and clear of management
  • Absentee owner

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Best Western Plus Olathe Hotel & Suites

HOTEL INVESTMENT OPPORTUNITY

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals the opportunity to acquire the Best Western Plus Olathe Hotel & Suites.

View the executive summary for more information.

Investment Highlights

  • Delivered free and clear of management
  • Opportunity to purchase a property with increasing cash flow, at the bottom of the cycle and take advantage of the industry recovery that is underway
  • Desirable location within the greater Kansas City market
  • Attractive price offering at 3.7X gross room multiple
  • SBA Financeable
  • Price affords new operator to purchase significantly below replacement costs, and experience the increase in revenues as market continues improving
  • New contemporary design and excellent condition will require minimal initial capital
  • 154-room Holiday Inn is offline converting to assisted living

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WHI Announces Sale of the Holiday Inn Olathe Medical Center, Olathe, KS

Warmbrodt Hotel Investments announced today they closed the sale of the Holiday Inn Olathe Medical Center, Olathe, KS.  The interior-corridor, two-story building consists of 68,210 square feet and 154 rooms.  The location is 101 W 151st Street in Olathe, KS on the northwest quadrant of Interstate 35 and Highway 169.  The purchaser is converting the property to an independent living/assisted living, skilled nursing and memory care facility.

“The property had many attributes for the conversion to this alternative use including excellent location next to a regional hospital, excess land for expansion of health care specific facilities and room layouts for conversion to suites in the independent and assisted living areas.  WHI recognized these attributes and was able to market successfully to investors in this industry, and achieve excellent pricing for both parties,” commented Herb Warmbrodt, President of WHI.


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Three Property/Full-Service Portfolio

HOTEL INVESTMENT OPPORTUNITY

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals the opportunity to acquire Three Property/Full-Service Portfolio.

View the executive summary for more information.

Investment Highlights

  • Capitalization Rate of 12% based on 2013 operation after a 3% Management Fee and 4% Capital Reserve
  • Major southwestern markets represented in Dallas, Odessa and Albuquerque
  • Opportunity to purchase a portfolio producing a significant return and the ability to reposition the assets with select franchises to increase returns
  • Portfolio consists of 786 rooms
  • The Properties within the Portfolio are constructed of concrete and brick; have up to date life safety equipment; and have been very well maintained by current owner
  • Portfolio will be delivered free and clear of management and existing affiliation
  • Excellent conversion opportunities in all markets

Bypass the online summary and directly execute the Confidentiality Agreement.


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WHI Announces Sale of the Holiday Inn Lubbock-Hotel & Towers

Warmbrodt Hotel Investments announced today they closed the sale of the Holiday Inn Lubbock-Hotel & Towers. The interior corridor property has 295 rooms which includes 72 suites. There are 6 stories and 2 towers totaling 212,701 square feet. The purchaser is converting the hotel to the MCM Elegante Hotel And Suites – Lubbock.

“This off-market transaction allowed our East Coast based, institutional owner to achieve their goals within their portfolio with our broad base of hotel owners. The Texas based purchaser immediately realized the value of this property and market,” commented Herb Warmbrodt President of WHI.

The hotel is located in downtown Lubbock, adjacent to the Convention Center and approximately 6 blocks from Texas Tech University, and a short drive from Texas Tech University Medical Center, Southwest Regional Medical Complex and the Lubbock International Airport. Additionally, The Historic Depot Entertainment District and the Broadway Strip are within 4 blocks of the property.


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WHI Announces Sale of the Quality Suites Airport, Kansas City, MO

Warmbrodt Hotel Investments announced today they closed the sale of the Quality Suites Airport, Kansas City, MO. The property was sold on behalf of a regional lender for an undisclosed price. The purchaser will retain the Quality Suites franchise and complete significant capital upgrades.

“The Quality Suites received a high level of interest from regional investors. The property’s location off Interstate 29, near the Kansas City Airport, helped support pricing in the wake of underachieving performance the past 3 years. Retaining the Quality Suites franchise, significant improvements will be made in order to effectively compete in the healthy KC Airport sub-market,” said Zane Varvel, Vice-President of WHI.

The 73-room, two-story, interior-corridor property was built in 1997. It includes an indoor pool and hot-tub, and a small fitness room. The location is considered outstanding for hosting airport travelers and is proximate to numerous North Kansas City businesses and shopping. It is one of the first visible hotels off Interstate 29, exit 13 – just 2 miles from the terminal.


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WHI Selected to Advise in the Sale of the Red Roof Inn Jamestown-Falconer

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals the opportunity to acquire Red Roof Inn Jamestown-Falconer in Falconer, NY.

Investment Highlights

  • Delivered free and clear of management
  • Corporate management and ownership, offers new owners substantial upside
  • Attractive price offering at $40,000 per room
  • Concrete block construction
  • RevPar growth potential of over $20.00 at 80% penetration
  • Excellent potential as a Red Roof Inn Plus+ conversion offering enhancements proven to drive business
  • Very well located off Interstate 86, Exit 13, with high barriers to entry
  • Interior and exterior corridor

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WHI Selected to Advise in the Sale of the Holiday Inn Lubbock-Park Plaza

Warmbrodt Hotel Investments, Inc has been retained as the Exclusive Agent to extend to qualified principals the opportunity to acquire Holiday Inn Lubbock-Park Plaza in Lubbock, TX.

Investment Highlights

  • Capitalization Rate of 13.5% based on TTM July 2013
  • Opened in 1972, converted to a Holidome in 1985 and was renovated in 2010
  • Oversize rooms
  • Property is on 8.58 acres of land. Redevelopment potential, as asking price is less than $13.50 per square foot
  • Significant upside potential, up to $37 in RevPar based on the competitive set
  • Market consists of strong SMERF business, second largest meeting space in the city
  • Strong private event business in the atrium including weddings
  • Property has performed consistently for years 2011, 2012 and YTD 2013
  • Renovated in 2010. Flat screen televisions installed in 2012
  • Excellent conversion to Ramada Plaza or Clarion. Will not stay affiliated with IHG upon closing

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