Warmbrodt Hotel Investments advises sale of Michigan Red Roof Inn

Red Roof Inn Benton Harbor-St. Joseph

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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

The latest report from STR shows negative year-over-year results in the three key performance metrics during the week of July 7-13.

Ritesh Agarwal, the company's 25-year-old founder and CEO, has signed a $2 billion primary and secondary management investment round.

By year's end, the Turkish hotel company will have five properties along the Red Sea and Mediterranean.