Hospitality v Wisconsin

Marcus & Millichap sells 225-room hotel in Milwaukee market

Marcus & Millichap sells 225-room hotel in Milwaukee market,ph01

Marcus & Millichap sold a 225-room hospitality property in Wausau, Wisconsin. The asset sold for $1.95 million.

Allan Miller, Chris Gomes, Ebrahim Valliani and Michael Klar, investment specialists in Marcus & Millichap’s Chicago Oak Brook, Dallas and Austin offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer, a partnership, was also secured and represented by Valliani, Gomes, Miller and Klar. Todd Lindblom assisted on the transaction as the broker of record in Wisconsin.

The property is located at 201 N. 17th Ave. This five-story, 225-room hotel also includes 23,000 square feet of banquet and conference space along with a restaurant and lounge located on-site. The property has excellent visibility at the top of a hill on a parcel of land over six acres.