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

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May 7, 2012
- Warmbrodt Hotel Investments, Inc. ("WHI") has been retained as the Exclusive Agent to advise in the sale of the Red Roof Inn - Sharonville, Ohio.
 
The property is located at 2301 Sharon Road, Sharonville, OH 4524, on the east side of Interstate 75 and Sharon Road. The location is considered very good within the Sharonville market and is 28 miles from the Cincinnati Northern Kentucky International Airport, 13 miles from Cincinnati Municipal Airport and 13 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 one building which was built in 1987 and totally renovated in 2006. In addition to the guest rooms, the 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.

INVESTMENT HIGHLIGHTS
  • Revenues increased 11.11% for the period beginning January, 2011 through TTM March, 2012
  • Impressive market penetrations of the competitive set with a RevPar index at 156%
  • Corporately owned and managed 
  • Delivered free and clear of management
  • Desirable location within the greater Cincinnati market
  • Attractive price offering at 2.25x gross room multiple
  • SBA Financeable
  • Price affords new operator to purchase significantly below replacement costs with minimal initial capital outlays 
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, Sharonville, Ohio, please contact Herb Warmbrodt, [email protected] or , Zane Varvel, [email protected] 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: [email protected]
www.whikc.com


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