Warmbrodt Hotel Investments closed the sale of Red Roof Inn Benton Harbor-St. Joseph in Michigan. WHI was the exclusive adviser on behalf of the seller. The property was sold to an institutional investor at an undisclosed price. The purchaser plans renovations to the hotel's guestrooms and public spaces.
"The regional buyer is an experienced Red Roof franchisee who has done well with their operations and growth. The corporate disposition received strong pricing in an improving Michigan market," said Zane Varvel, VP of WHI.
The 108-room hotel is eight miles from Lake Michigan, and is near the Historic Michigan Wine Trail. The hotel offers free Wi-Fi and a flat-screen TV in all guestrooms. Deluxe double rooms include a microwave/microfridge unit, and superior king rooms offer a large workstation with ergonomic chair, task lighting, microwave/microfridge units and in-room coffee makers.
The Red Roof Inn is within five minutes of Lake Michigan Community College and Mendel Center, and Berrien County Fairgrounds are 10 miles away. Also located nearby are Silver Beach County Park, Warren Dunes State Park, Indiana Dunes State Park and Washington Park. Other demand generators include RedBud Motocross track and the corporate presence of Whirlpool, Bosch and Leco, in addition to nuclear plants Cook and Palisades.