Residence Inn by Marriott NW-San Antonio For Sale

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. November 30, 2010

November 29, 2010 - Due to the high level of interest in the Residence Inn by Marriot NW, San Antonio, Texas; our client is requesting a Call for Offers.

We are pleased to announce a Call for Offers deadline has been established for Tuesday, December 7th, 2010. All offers should be submitted by 5:00 PM CST to Herb Warmbrodt at [email protected] or via facsimile (913) 381-6767.

Please be advised of the following requirements for submitted offers:
All offers must be in writing using a Letter of Intent ("LOI") addressing the Purchase Price, Due Diligence Period, Closing Period and Earnest Money Deposit. In addition to the submission of the LOI, please also provide the following: (a) financial information for yourself and any partners (as applicable), highlighting the necessary equity required to close the transaction; (b) a resume on hotel ownership and management experience; and (c) sources of financing. If you require another tour of the Property, or if you have not already toured-please contact Herb Warmbrodt to arrange a tour. Offers submitted by parties who have toured the Property will be given preference. Investment Highlights:

• Property is offered at $5,500,000-$42,968 per suite, GRM of 2.2X
• Located adjacent to USAA Corporate Headquarters and proximate to numerous demand generators including, Methodist - - Health Care and Medical Center, South Texas Medical Center, University of Texas Health Science Center, Christian Santa Rosa Children's Hospital, University of Texas-San Antonio Campus and Valero Oil Corporation.
• Delivered free and clear of management and franchise.
• Competitive Set has experienced 13% increase in Occupancy in 2010 compared to 2009.
• Property is in excellent condition having received capital improvements in 2005, 2006 and 2007.
• Opportunity to convert to new franchise such as Country Inn & Suites or Hawthorn Suites.
• Financing available to qualified investors.

For more information regarding the Residence Inn by Marriott NW San Antonio, please contact Herb Warmbrodt, at [email protected] or (913) 381 3737.

WHI is a Kansas City based hotel real estate firm specializing in the disposition, acquisition, financing and debt restructuring of hospitality related assets throughout the United States.