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CALL FOR OFFERS - Value Place Nellis Air Force Base - 
Las Vegas, Nevada
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April 29, 2010 - Due to the high level of interest in the Value Place Nellis Air Force Base property located in Las Vegas, Nevada, our client is requesting a Call for Offers.  

We are pleased to announce that a Call for Offers deadline date has been established for Friday, May 7, 2010.  All offers should be submitted by 5:00 PM CST to Zane Varvel at zane@whikc.com or via fax at (913) 381-6767.  Thank you for your interest in the property.

Please be advised of the following requirements for submitted offers: 

1.  All offers should be submitted on the form of Letter of Intent ("LOI") provided by contacting whi@whikc.com.

2.  In addition to the submission of the LOI, please also provide the following:  (a) a detailed financial statement for yourself and any partners (as applicable), highlighting the necessary equity needed to close the transaction; (b) a detailed resume for yourself and any partners (as applicable), highlighting your hotel ownership and management experience, and (c) the lender(s) that you plan to seek acquisition financing from.  

3.  If you require another tour of the Property, or if you have not already toured - please contact Zane Varvel to arrange a tour.  Offers submitted by parties who have toured the Property will be given preference.  

The Value Place project represents an excellent acquisition opportunity for a local, regional, or national owner looking to acquire a well located asset at the bottom of the industry cycle and take advantage of increasing demand being forecasted for the balance of 2010 and 2011. 

INVESTMENT HIGHLIGHTS

  • Property is offered at $16,500,000 - only $68,182 per room 
  • Financing  available to qualified purchaser 
  • Excellent location in relation to demand generators
  • Delivered Free and Clear of Management
  • New construction and design allows for efficient operation and no immediate capital upgrades
  • Opportunity to become part of a growing and successful national franchise
MARKET HIGHLIGHTS
  • Excellent location within one block of Nellis Air Force Base
  • Largest and most complex installation of the Air Force's Tactical Air Command. 
  • Proximate to Nellis Federal Hospital and proposed 20-acre veteran's convalescent home 
  • Large amount of temporary personal at NAFB creates high demand for extended stay product 
For more information regarding the Value Place Nellis Air Force Base property, please contact Herb Warmbrodt, herb@whikc.com or Zane Varvel, zane@whikc.com at 913-381-3737.
 

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Contact:

Warmbrodt Hotel Investments
2020 West 89th Street, Suite 320
Leawood, KS 66206  T: 913-381-3737
F: 913-381-6767
E: info@whikc.com
www.warmbrodthotels.com

Also See: Warmbrodt Hotel Investments Selected to Advise in the Sale of the Red Roof Inn Chicago-Lansing, Illinois / April 2010
Warmbrodt Hotel Investments Selected to Advise in the Sale of the Value Place - Nellis Air Force Base Located in Las Vegas, Nevada / April 2010
Warmbrodt Hotel Investments Advises in the Sale and Debt Placement of the Holiday Inn Express - Salina, Kansas/ March 2010
Warmbrodt Hotel Investments - WHI Selected to Advise in the Sale of the Ramada Stevens Point Located in Stevens Point, Wisconsin / October 2009
Warmbrodt Hotel Investments - WHI Selected to Advise in the Sale of the American Inn located in Greater Kansas City / October 2009
Warmbrodt Hotel Investments - WHI Selected to Advise in the Sale of the Cambridge Suites located in Wichita, Kansas / September 2009
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