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Warmbrodt Hotel Investments Selected to Advise in the Sale
of the Red Roof Inn - Southfield, Michigan
.
 
February 7, 2012-  Warmbrodt Hotel Investments ("WHI") has been retained as the Exclusive Agent to advise in the sale of the The Red Roof Inn, Southfield, Michigan.The Property is located at 27660 Northwestern Highway in Southfield, Michigan, a northwest suburb of Detroit. The Property is located on the north side of Interstate 696 at Northwestern Highway and Telegraph Road, 15 miles from Detroit City Airport and 18 miles from downtown Detroit.
  
The 113-room, three-story, exterior-corridor property, consisting of one building, was built in 1986 and totally renovated in 2004. In addition to the guest rooms, the building contains a guest lobby and office area, one elevator, a meeting room, storage rooms, an electrical room, a boiler room, laundry and a vending room adjacent to the lobby.

INVESTMENT HIGHLIGHTS




  • Delivered free and clear of management
  • Corporate owned and managed
  • Opportunity to purchase a property at the bottom of the cycle and take advantage of the industry recovery that is underway
  • Desirable location within the greater Detroit market which is showing RevPar growth in the last 12 months
  • Attractive price offering at 2.2X GRM
  • SBA Financing Available
  • Price affords new operator to purchase significantly below replacement costs, implement a renovation program, and the opportunity to benefit from higher revenues that can be achieved from the growing market and the renovation program.

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.   
 
For more information regarding the Red Roof Inn- Southfield, Michigan, please contact Zane Varvel, zane@whikc.com  or by calling 913-381-3737.


Contact:

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


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Also See: Warmbrodt Hotel Investments Selected to Advise in the Sale of the Super 8 Hotel in Wakeeney, Kansas / Janaury 2012

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