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Warmbrodt Hotel Investments Selected to Advise in the Sale of
Red Roof Inn - Chicago, Lansing, Illinois
 
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January 12th, 2012- Warmbrodt Hotel Investments, Inc. ("WHI") has been retained as the Exclusive Agent to advise in the sale of the Red Roof Inn located in Lansing, Illinois. 
 
The Property is located at 2450 East 173rd Street in Lansing, Illinois, a southern suburb of Chicago. The Property is located on the north side of Interstate 80/Interstate 94/ Interstate 294 and Torrence Avenue. The location is considered good within the Lansing market and is within 20 miles of Chicago Midway Airport and 25 miles from downtown Chicago. Nearby restaurants include Outback Steakhouse, Olive Garden, Applebees, Starbucks, IHOP and Denny's.

The Property is proximate to The River Oak Mall, Cabello, Majestic Star, Horseshoe and Trump Casinos, and Indiana Dunes State Park with over 30 miles of beaches. Companies proximate to the Property include, Ford Motor Company, Cargill, US Steel, BP Amoco, Unilever, and Lear Corporation.

The 108-room, two-story, exterior-corridor property, consisting of two buildings, was built in 1982 and totally renovated in 2000 and received a soft goods renovation in 2004.

Guest rooms are in excellent condition.  All rooms have color televisions, high speed internet access and cable television.

INVESTMENT HIGHLIGHTS 
  • Delivered free and clear of management
  • Corporate owned and managed 
  • Opportunity to purchase a renovated property, at the bottom of the cycle and take advantage of the industry recovery 
  • Location is easily accessible from I-80/I-94/I-294 and
    Torrence Avenue
  • Attractive price offering at 2.4 gross room multiple
  • Price affords new operator to purchase significantly below
    replacement costs   
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.   
 
Contact us directly at 913-381-3737 or visit our website www.whikc.com to learn how our years of experience and specialized services can help meet the needs of your business goals.  
 
For more information regarding the Red Roof Inn Chicago - Lansing, please contact Herb Warmbrodt,  herb@whikc.com or Zane Varvel, zane@whikc.com at 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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