Warmbrodt Hotel Investments Advises FelCor in Sale of Doubletree and Holiday Inn Properties
KANSAS CITY, MO, January 6, 2006. Warmbrodt Hotel Investments, Inc. ("WHI"), a Kansas City based hotel real estate firm, announced today it advised FelCor Lodging Trust in the sale of the Doubletree Guest Suites located in Omaha, Nebraska. Located in the growing midtown area of Omaha, the property is in close proximity to First Data Resources, Blue Cross Blue Shield, Omnium, Info USA and Mutual of Omaha. The 187-suite, 6-story property contains approximately 3,500 square feet of meeting space, indoor pool and fitness center. The property was sold to an affiliate of Westmont Hospitality for an undisclosed amount.
The company also announced it represented FelCor Lodging Trust in the sale of the Holiday Inn Hotel & Conference Center located in Davenport, Iowa. The 287-room property contains over 30,000 square feet of meeting space, an indoor pool, fitness center, restaurant and lounge. The property was sold to Edgehill Apartments, LLC for an undisclosed amount.
Herb Warmbrodt, President of WHI said, "We are pleased to have been awarded and completed these engagements to achieve our client's stated goals. Both transactions allowed FelCor to dispose of non-strategic assets from their portfolio at very attractive pricing points." For more information contact Warmbrodt Hotel Investments, Inc.
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