Warmbrodt Selected to Advise Owner of Red Roof Inns
North Kansas City, MO and St. Paul / Woodbury, MN
KANSAS CITY, MO, November 13, 2008. Warmbrodt Hotel Investments, Inc. ("WHI") a Kansas City, MO based hotel real estate firm, announced today it has been selected to advise in the disposition of two Red Roof Inn properties located in Kansas City, Missouri and St. Paul, Minnesota. Both properties feature 108- rooms and have excellent, highly visible Interstate locations. The Red Roof Inn East St. Paul Woodbury, Minnesota is located on Interstate 494. The property is proximate to 3M, The Hartford, Assurant Health, Woodwinds Health Campus and Valley Creek Plaza. The Red Roof Inn North Kansas City is situated on Interstate 435 and is proximate to Cerner Corporation, North Kansas City Hospital, Ford Claycomo Plant, Worlds of Fun, Oceans of Fun, Ameristar Casino and Harrahs.
Investment Highlights include:
---| Excellent Interstate Locations
---| Pricing at 3.0X-3.12X Gross Room Multiple
---| Corporate ownership and management allowing the opportunity for an Owner/Operator to improve revenues and profitability
---| Opportunity to maintain Red Roof Inn franchise
Herb Warmbrodt, President of WHI has said "We are again pleased to be selected by Corporate Red Roof Inn to advise on the disposition of these properties and look forward to achieving the Owner's stated goals. These properties present an Owner/Operator stable historic revenues and significant upside potential in cash flow through controlling expense ratios. The Properties have been very well received by the investment community."
For more information regarding the Red Roof properties, please contact Herb Warmbrodt or Zane Varvel at 816-960-4747 or via email at [email protected] or [email protected]
Warmbrodt Hotel Investments, Inc. ("WHI") is a Kansas City based, hotel real estate firm that specializes in the disposition, acquisition and financing of hospitality related assets throughout the United States.
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