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CALL FOR OFFERS
Residence Inn by Marriott NW-San Antonio, Texas
Tuesday, December 7, 2010-5:00 PM CST
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November 29, 2010 - Due to the high level of interest in the Residence Inn by Marriot NW, San Antonio, Texas; our client is requesting a Call for Offers.
 
We are pleased to announce a Call for Offers deadline has been established for Tuesday, December 7th, 2010.
 
All offers should be submitted by 5:00 PM CST to Herb Warmbrodt at herb@whikc.com or via facsimile (913) 381-6767.
   
Please be advised of the following requirements for submitted offers:  
  •  All offers must be in writing using a Letter of Intent ("LOI") addressing the Purchase Price, Due Diligence Period, Closing Period and Earnest Money Deposit.
  • In addition to the submission of the LOI, please also provide the following: (a) financial information for yourself and any partners (as applicable), highlighting the necessary equity required to close the transaction; (b) a resume on hotel ownership and management experience; and (c) sources of financing.
  • 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.
Investment Highlights:
  • Property is offered at $5,500,000-$42,968 per suite, GRM of 2.2X
  • Located adjacent to USAA Corporate Headquarters and proximate to numerous demand generators including, Methodist Health Care and Medical Center, South Texas Medical Center, University of Texas Health Science Center, Christian Santa Rosa Children's Hospital, University of Texas-San Antonio Campus and Valero Oil Corporation.
  • Delivered free and clear of management and franchise.
  • Competitive Set has experienced 13% increase in Occupancy in 2010 compared to 2009.
  • Property is in excellent condition having received capital improvements in 2005, 2006 and 2007.
  • Opportunity to convert to new franchise such as Country Inn & Suites or Hawthorn Suites.
  • Financing available to qualified investors.
For more information regarding the Residence Inn by Marriott NW San Antonio, please contact Herb Warmbrodt, at herb@whikc.com or (913) 381 3737.
 
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.
 

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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

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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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