May 28, 2013 - Warmbrodt Hotel Investments announced today they closed the sale of the Red Roof Inn St. Louis - Westport.  The 158 room property, built in 1986, was sold on behalf of the institutional owner for an undisclosed price.  The purchaser will retain the Red Roof Inn franchise and renovate the property to new NextGen standards.

"The property location and strong revenue history provided a good investment opportunity for local investors. As the economy continues to improve, there is ample demand and financing available," commented Zane Varvel, Vice President of WHI.

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NEW INVESTMENT OPPORTUNITIES

Comfort Inn - Camden, AR      
The Comfort Inn in Camden is a 69-room, select-service hotel with 37,055 square feet.  Facilities include an indoor pool, an exercise room, a sport court and putting green, business center and a meeting room that will accommodate up to 50 people.  The property was renovated in 2010 and is in excellent condition.

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Value Place - Cleveland (Avon), Ohio 
The 113-room, four-story, interior corridor property, opened in 2010 and contains approximately 40,608 square feet. Value Place is the uniquely branded low-cost extended stay hotel, specializing in clean and secure weekly lodging with a commitment to comfort, privacy and peace of mind.

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Warmbrodt Hotel Investments (WHI) provides real estate brokerage and investment banking services exclusively to the hospitality industry; specifically in the acquisition, disposition, financing, equity placement and debt restructuring. Founded by Herb Warmbrodt, a 28 year industry veteran, the firm presently has offices in Kansas City and Chicago, conducting transactions in 25 states. WHI achieves client's goals by being involved in every phase to ensure a successful transaction. The firm's growth continues with strong industry relationships representing individual owners, private and public companies in all segments of the hotel industry throughout the United States and Canada.

For further information about any of our current hotel property offerings or if you have interest in buying or selling a hotel and would like a confidential Broker's Opinion of Value, please contact:

Zane Varvel in Chicago at (312) 262-5930, [email protected]    
Herb Warmbrodt in Kansas City at (913) 381-3737,  [email protected]