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.”