News for the Hospitality Executive |
Stevens Point, Wisconsin |
July 8, 2010 Dear Investor, Due to the high level of interest in the Ramada Stevens Point, Stevens Point, Wisconsin, our client is requesting a Call for Offers. We are pleased to announce that a Call for Offers deadline date has been established for July 21, 2010. All offers should be submitted by 5:00 PM CST to Herb Warmbrodt at [email protected] 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 [email protected]. 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 Herb Warmbrodt to arrange a tour. Offers submitted by parties who have toured the Property will be given preference. The Ramada Stevens Point 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 $4,700,000 - only $15,986 per room.
Original Price $5,900,000
HOTEL FEATURES * 294 Rooms
For more information regarding the Ramada-Stevens Point property, please contact Herb Warmbrodt, [email protected] or Zane Varvel, [email protected] at 913-381-3737. |
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HOTEL REAL ESTATE
Warmbrodt Hotel Investments
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