,
Hotel Online
News for the Hospitality Executive


CALL FOR OFFERS - Ramada Stevens Point, 
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 herb@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 info@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 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
*   Located across from Sentry Insurance Corporate Headquaters. 
*   Central location in Wisconsin makes ideal for state association business.
*   Delivered Free and Clear of Management.
*   Property underwent $4.4 million in improvements in 2006, 2007 & 2008.
*   Includes new franchised Titled Kilt Pub & Eatery Sports Grill.
*   Buyer has opportunity to increase sales and reduce operating costs.
*   Seller is transactional motivated.
*   Stevens Point area is qualified for USDA guarantee loan program.

HOTEL FEATURES

*   294 Rooms
*   Over 30,000 square feet of meeting space.
*   One, two, three and six story interior corridor asset. 
*   Oversized indoor pool, children's pool and whirlpool in large atrium.
*   199 Seat Tilted Kilt Pub & Eatery Sports Grill.
*   Situated on 13.18 acre site.

For more information regarding the Ramada-Stevens Point property, please contact Herb Warmbrodt, herb@whikc.com or Zane Varvel, zane@whikc.com at 913-381-3737.

###

Contact:

HOTEL REAL ESTATE
HOTEL BROKERAGE
HOTEL INVESTMENTS

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 Ramada Omaha / May 2010
CALL FOR OFFERS - Value Place Nellis Air Force Base - Las Vegas, Nevada / April 2010
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
.
 
 


To search Hotel Online data base of News and Trends Go to Hotel.Online Search


Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.