WHI Announces Sale of the Hawthorn Suites by Wyndham, Omaha Central
Warmbrodt Hotel Investments (WHI) announced today they closed the sale of the Hawthorn Suites by Wyndham, Omaha Central. The property was sold on behalf of Bayview Asset Management for an undisclosed price. The purchaser will retain the Hawthorn Suites franchise by Wyndham and renovate the property.
The Property has an excellent location on 72nd Street, north of Interstate 80, east of Interstate 680 and south of Dodge Street in the heart of the Omaha Midtown submarket, proximate to major business, scholastic and leisure demand generators.
“The unique property configuration made this real estate offering challenging for the investment community. The buyer is a successful Omaha operator that knew there is limited downside risk investing in room sizes of 600 square feet, giving it an advantage over the competition” commented Zane Varvel, Vice President of of WHI at the Chicago office. “Investors looking for better returns are now needing to get creative in today’s environment.”