Warmbrodt Advising Procaccianti in the Disposition of The Elms
KANSAS CITY, MO, February 13, 2006. Warmbrodt Hotel Investments, Inc. ("WHI") a Kansas City based hotel real estate firm, announced today it has been selected to advise The Procaccianti Group in the disposition of The Elms Hotel and Spa located in Excelsior Springs, Missouri. The 5-story, 153-room historic hotel is surrounded by over 16 acres of beautiful grounds, contains over 11,000 square feet of meeting space, indoor and outdoor pools, fitness center, two full-service restaurants, lounge, and a 10,000 square foot European-style spa.
The Property is located just 30 minutes from the exclusive Country Club Plaza area of Kansas City, which positions it to become the premier corporate retreat for firms such as H & R Block, Cerner Corporation, DST Systems, Inc. Kansas City Southern Railways, Lockton Insurance Group and American Century Funds, as well as an exclusive get away for couples in Kansas City and the surrounding area.
Herb Warmbrodt, President of WHI said, "We are pleased to have been selected to advise The Procaccianti Group on The Elms Hotel and Spa. The Property has been well maintained by the owner, and is in a perfect position to capitalize on the growth in the corporate retreat and weekend leisure segments. This is a beautiful, historic Property that has been totally updated and with sound capital investments in certain areas, has excellent upside potential. Investors are viewing the Property as an excellent investment opportunity. We look forward to achieving our client's stated goals in this disposition."
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