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Super 8, El Dorado, Kansas - SOLD by Warmbrodt Hotels

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July 13, 2012 - Warmbrodt Hotel Investments, Inc. ("WHI") is pleased to announce the sale of the Super 8 Hotel in El Dorado, Kansas. WHI acted as exclusive advisor throughout the transaction on behalf of one of its corporate clients in their ongoing disposition strategy.

The 49 room, two story interior corridor hotel is located on Central Avenue in El Dorado, Kansas on Highway 254 is just east of Interstate 35. Northeast of Wichita, El Dorado is considered part of the Wichita Metropolitan Area. The community has a solid foundation of education, industry and recreation. Butler Community College has over 12,000 students enrolled and features championship caliber sports teams in their leagues. The Frontier El Dorado Refining Co., is one of the largest refineries in the plains and rocky mountain regions with a capacity of 110,000 barrels a day.

A local partnership purchased the property and intend to make the necessary improvements to maintain the Super 8 franchise. A marketing price of $1,850,000, demand for the property was high and the sales price revenue multiple above the national average. "Historical occupancy was very strong, with proximity to the refinery and interstate as the main demand generators. It is encouraging to continue to see active buyers and sellers in an improving lodging market" said Zane Varvel Vice-President who helped facilitate the transaction.

About Warmbrodt Hotel Investments, Inc.
WHI is a growing real estate firm specializing in the disposition, acquisition, financing, and debt restructuring of hospitality related assets throughout the United States.
 
For more information, please contact Herb Warmbrodt, herb@whikc.com or , Zane Varvel, zane@whikc.com or call 913-381-3737.


Contact:

Warmbrodt Hotel Investments
Kansas City Office
2020 West 89th Street
Leawood, KS 66206 
913-381-3737

Chicago Office
22 W. Washington Street, Suite 1500
Chicago, IL 60202
312-262-5930

 info@whikc.com
www.whikc.com


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