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Warmbrodt Hotel Investments Selected to Advise in the Sale of
The Red Roof Inn - Westport - St. Louis, Missouri  

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July 24, 2012 - Warmbrodt Hotel Investments, Inc. ("WHI") has been retained as the Exclusive Agent to advise in the sale of the Red Roof Inn - Westport - St Louis, Missouri.  
  
The Property is located at 11837 Lackland Road, St. Louis, MO 63146. The location has excellent visibility on Highway 364 and access from Interstate 270. The location is considered good within the St. Louis market and is proximate to the Westport Plaza and the St. Louis International Airport. Westport Plaza is across Page Avenue to the North of Red Roof Inn St. Louis Westport. The 42 acre development, resort and entertainment center is a local attraction for business, leisure and festivals and is located in the St. Louis suburb of Maryland Heights.
  
The 158-room, three-story, exterior-corridor property was built in 1986. It consists of two buildings. The Property is a typical "Chalet" prototype Red Roof Inn. Significant capital improvements and FF&E replacement were made to the property in 2006 which included updates to the lobby and guestrooms. Details included granite countertops in the lobby and guestrooms, new interior and exterior paint, new stairwell and balcony, new interior and exterior lighting and a new softgoods and casegoods room package which included carpet, mirrors, and drapes. A new roof was completed in 2005.
  
The Red Roof Inn represents an excellent acquisition opportunity for a local or regional owner looking to acquire a well located and strong performing asset in a growing market at a price well below replacement cost.

INVESTMENT HIGHLIGHTS
  • RevPar has increased 17% through 2011
  • Occupancy increased nearly 15% from 2010 through 2011
  • Delivered free and clear of management
  • Location is easily accessible from I-270 and Highway 364 (Page Avenue)
  • Attractive price offering at 2.3x gross room multiple
  • Price affords new operator to purchase significantly below replacement costs

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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