in the Sale of the Holiday Inn and Holiday
Inn Express-Moline, Illinois;
Also Selected to Advise on Disposition of the 288-room Holiday Inn
Hotel & Conference Center-Davenport, Iowa
|KANSAS CITY, Missouri,
June 9, 2005- Warmbrodt Hotel Investments, Inc. (“WHI”) announced today
it advised FelCor Lodging Trust Incorporated in the sale of the 217-room
Holiday Inn-Airport and the 110-room Holiday Inn Express-Airport in Moline,
Located adjacent to the Quad Cities International
Airport, the properties are in close proximity to the corporate headquarters
of Deere & Company. The properties were sold to Albuquerque, NM based
Enawala, Inc. for an undisclosed price.
Herb Warmbrodt, President of WHI said “We are pleased to have completed these transactions on behalf of FelCor and have been selected to advise on the Davenport property. This asset has been very well maintained by the owner and is being viewed by investors as an excellent investment opportunity."
|Also See:||Warmbrodt Hotel Investments, Inc. Advises FelCor Lodging Trust in the Sale of the Holiday Inn-Mountainview in Albuquerque, New Mexico / October 2004|
|Warmbrodt Hotel Investments, Inc. Advises FelCor in the Sale of the Hoiday Inn-Westport, St. Louis, Missouri and Also Selected to Advise on Disposition of 360 room Holiday Inn - Albuquerque, New Mexico / May 2004|