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Warmbrodt Hotel Investments, Inc. Selected to Advise
in the Sale of the Red Roof Inn - Blue Ash, Ohio


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May 9, 2012 - Warmbrodt Hotel Investments, Inc. ("WHI") has been retained as the Exclusive Agent to advise in the sale of the Red Roof Inn - Blue Ash, Ohio.
 
The Property is located at 5900 Pfeiffer Road in Blue Ash, Ohio 45242, on the west side of Interstate 71 and Pfeiffer Road. The location is considered good within the Blue Ash market and is 28 miles from Cincinnati Northern Kentucky International Airport, 12 miles from Cincinnati Municipal Airport and 14 miles from downtown Cincinnati. Within close proximity are numerous restaurant choices and area attractions such as Kings Island Amusement Park, The Beach Water Park, and Entertainment Junction. The Ford Motor Company Transmission Plant is only .7 mile from the Property.
 
The 108-room, three-story, exterior-corridor property consists of two buildings which were built in 1984 and totally renovated in 2005-2006. In addition to the guest rooms, one building contains a guest lobby and office area, storage rooms, an electrical room, a boiler room, laundry and a vending room adjacent to the lobby. The lobby area is typical of the Chalet design containing a vestibule entrance, lobby/registration desk area and manager's office and employee restroom behind the registration desk. The vending area is adjacent to the lobby with its own outside entrance.

INVESTMENT HIGHLIGHTS
  • Revenues increased 19.6% in 2011
  • Impressive market penetration of 129.2% ending March, 2012 , a 7% increase over the same period in 2011
  • Corporately owned and managed 
  • Delivered free and clear of management
  • Desirable location within the Cincinnati market
  • Attractive price offering at 2.25x gross room multiple
  • SBA Financeable
  • Price affords new operator to purchase significantly below replacement costs 
The Red Roof Inn represents an excellent acquisition opportunity for a local or regional owner to acquire a well located and renovated asset with a growing revenue stream, in a growing market, and at a price well below replacement cost.

About Warmbrodt Hotel Investments
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, Blue Ash, Ohio, please contact Herb Warmbrodt, herb@whikc.com or , Zane Varvel, zane@whikc.com or call 913-381-3737.


Contact:

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


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