Warmbrodt to Advise in the Sale of the Red Roof Inn Chicago-Lansing
Kansas City, MO - April 12, 2010 - Warmbrodt Hotel Investments, Inc. ("WHI") announced today it has been selected to advise in the disposition of the Red Roof Inn located in the Lansing, Illinois, a southern suburb of Chicago. The totally renovated, two story, 108 room property has high visibility on Torrance Avenue and excellent access from Interstate 80/94/294. The location is proximate to major companies including Ford Motor Company, BP Amoco,US Steel Corporation, Lear Corporation, Unilever, Cargill, Inc., and Dover Steel.
Herb Warmbrodt, President of WHI has said "We are pleased to be selected to advise Red Roof Corporate on the disposition of this asset. This offering allows an owner/operator to purchase a totally renovated property, at the bottom of the cycle and take advantage of the industry recovery forecasted by Smith Travel Research. We are receiving excellent reception from the investment community."
WHI is a Kansas City based, hotel real estate firm tha specializes in the disposition, acquisition, financing and debt restructuring of hospitality related assets throughout the United States. www.whikc.com
For more information regarding the Red Roof Inn property, please contact Herb Warmbrodt at (913) 381-3737 herb@whikc.com or Zane Varvel at zane@whikc.com
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