 April
6, 2010 - Kansas City, Missouri - 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 in the final stages of construction and is scheduled to be completed June 30, 2010. 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. 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. Contact us directly at (913) 381-3737 or visit our website at www.whikc.com to learn more about how our years of experience and specialized services can help meet the needs of your business goals. For more information please contact Herb Warmbrodt or Zane Varvel at
913-381-3737 or [email protected]
or [email protected]
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