March 1, 2012-  Warmbrodt Hotel Investments ("WHI") has been retained as the Exclusive Agent to advise in the sale of the the Holiday Inn Medical Center- Olathe, Kansas. 
 
The Property is located at 101 W. 151st Street in Olathe, KS on the northwest quadrant of Interstate 35 and Highway 169 (Exit 215).
 
The Property has excellent visibility and access from the Interstate. This area has experienced moderate growth in the past 10 years. It includes residential to the south, retail to the south and east, Olathe Medical Center is adjacent to the west, the Mall of Great Plains and light industrial parks. Companies proximate to the area include Garmin, SMH, and Mid-America Nazarene University.
 
The 154-room, two-story, interior-corridor property, opened in October 1983 and received a total renovation in 2008. The property contains a restaurant, lounge, lobby area, fitness center, business center, outdoor pool, and approximately 11,000 square feet of meeting space All furnishings are modern and have a contemporary design.

INVESTMENT HIGHLIGHTS

• The property is in excellent condition allowing for minimal initial capital investment
• Delivered free and clear of management
• Lender Owned Asset
• Opportunity to purchase a totally renovated property with increasing cash flow Desirable location within the greater Kansas City market
• Attractive price offering at 2.4X gross room multiple
• SBA Financeable
• Price affords new operator to purchase significantly below replacement costs, and experience the increase in revenues as market continues improving
• Completely renovated in 2008 with a new contemporary design allowing minimal initial capital. Renovation budget was $4,400,000.