- 80-Room, Interior Corridor, Upper Midscale Hotel Built in 2005
- Located Approximately 50 Miles Southwest of Milwaukee, 70 Miles Southeast of Madison, and 80 Miles Northwest of Chicago
- Lake Geneva: 2019 USA Today Readers Choice Best Small Town for Adventure
- Approximately $280,000 in Renovations and Capital Improvements Since 2017
- Operational Upside for Prospective Hands-On Owner-Operator Investor
Investment Overview:
Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Comfort Suites Lake Geneva East. The Choice-branded hotel is priced on a call for offers basis. An established property, constructed in 2005, is located along the Highway 50 corridor, near the interchange with Highway 12.
This three-story, 80-room hotel presents a new investor the opportunity to acquire a fully-stabilized asset near the Chicago metropolitan statistical area. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property. The hotel is well-equipped with an indoor pool, fitness center, and meeting rooms.
The expenses include provisions for a three percent management fee and four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract and debt.
Property Overview:
The Comfort Suites Lake Geneva East is an 80-room, upper-midscale hotel, built in 2005. The Choice International Hotels-branded property provides each suite furnished with a sofa bed, microwave, refrigerator, and a flat panel television. The common amenities include an on-site hotel marketplace, fitness center, 14 passenger private shuttle and indoor pool.
Location Overview:
Lake Geneva is in the southeastern part of Wisconsin and is a popular resort city in the region. The investment property is positioned on 300 East Main Street which is near several attractions for business and leisure travelers alike. Lake Geneva offers many different activities from golfing, horseback riding, skiing, boat cruising, fishing charters, museums, parks and many more. USA Today Reader’s Choice 2019 voted Lake Geneva the “Best Small Town for Adventures”. The Gage Marine (7.0 miles) offers boat and pier services, wedding and social events, and most well known for their boat cruises. In addition, the Alpine Ski Valley Resort (13.6 miles) is an all-season venue by offering a golf course, alpine skiing, and the Alpine Music Theater. There is also the Big Foot Beach State Park which is a 271-acre park and well-known for its 900 feet of shoreline with a swimming sand beach. Furthermore, for the third consecutive year the University of Wisconsin-Whitewater has been named among the Colleges of Distinction and now serves more than 13,000 students. The university hosts multiple scholastic and graduation events throughout the year.
Todd Lindblom
Broker of Record
License: WI 56163-90
