WHI Selected to Advise in Sale of Value Place in Las Vegas, NV
KANSAS CITY, MO, August 21, 2009 - Warmbrodt Hotel Investments, Inc. ("WHI") announced today it has been selected to advise in the disposition of the new Value Place - Nellis Air Force Base in Las Vegas, Nevada.
Value Place is the uniquely branded, premier, low-cost extended stay hotel, specializing in clean and secure weekly lodging with a commitment to comfort, privacy and peace of mind.
The 242 suite Value Place - Nellis Air Force Base is currently under construction and is scheduled to be completed in November, 2009. This extremely well located property is within one block of the main entrance to Nellis Air Force Base. Nellis AFB employs over 13,000 military and civilian personnel in addition to 1,340 temporary duty personnel, creating tremendous demand for the Value Place property.
The highly visible property is situated on a site area of 7.73 acres or 336,719 square feet and consists of two interior corridor buildings each containing four-stories. The property is just fifteen minutes from the world famous Las Vegas Strip and all the amenities of the Greater Las Vegas, Nevada area, including casinos, gambling, dining, entertainment, the historic Hoover Dam and Lake Mead, Colorado river rafting and the breathtaking Grand Canyon.
Herb Warmbrodt, President of WHI said "Our firm looks forward to being involved in this property which shows exceptional cash flow potential based on the demand generated by Nellis Air Force Base. The Value Place extended stay chain has proven excellent demand exists for this product, even during this down cycle in the lodging industry. While many other national extended stay chains have declined in occupancies, Value Place is maintaining a chain-wide 80% occupancy level."
The Value Place Nellis Air Force Base represents an excellent investment opportunity to become a part of a growing and successful new national franchise and is delivered free and clear of management. Financing may be available to qualified purchaser.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
