Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in the 54-room Fairfield Inn & Suites Oshkosh (“Hotel” or “Property”), situated at 1800 S Koeller St, Oshkosh, WI 54902.
The Fairfield Inn & Suites Oshkosh is strategically located in the Fox Cities region of East Central Wisconsin, an area renowned for its rapid growth and strong economy. Located just a short distance from major employers such as Oshkosh Corporation, Amcor Flexibles, and 4imprint, the Hotel is ideally situated to serve the needs of business travelers visiting these companies. Additionally, The University of Wisconsin Oshkosh drives stable university demand to the area, further solidifying the Hotel’s appeal as a convenient lodging option for visitors to the region.
Oshkosh’s economy is largely influenced by the annual EAA AirVenture, which drives significant demand every July. The Hotel’s location also benefits from proximity to key leisure and cultural attractions, including Lake Winnebago, the Oshkosh Convention Center, and Oshkosh Arena. These popular venues draw countless visitors each year, providing a consistent flow of leisure tourists and sports/fishing enthusiasts. The close proximity to these attractions positions the Fairfield Inn & Suites Oshkosh as an ideal choice for guests seeking both business and recreational experiences.
Investment Highlights
Value-Add Offering
The Hotel will require a full PIP upon sale, improving the standing of this property in relation to the competitive set.
Brand Optionality
The Hotel will be sold unencumbered of franchise, so a new investor has the ability to replace the Fairfield Inn & Suites flag.
Close to Major Economic and Employment Centers
Oshkosh's economy is driven by major employers like Oshkosh Corporation, a global leader in specialized vehicles, and Amcor, a prominent packaging company. The University of Wisconsin Oshkosh and local healthcare providers also contribute significantly to the city's workforce and economic vitality.
Significant Demand from World’s Largest Air Show
EAA AirVenture generates significant demand in Oshkosh, attracting over 670,000 visitors and contributing an estimated $170 million in economic impact. Local businesses experience substantial increases in sales, with hotels, restaurants, and retailers benefiting from the influx of aviation enthusiasts.
Upside Potential Through Both Top and Bottom Line
As of YE 2024, the Property ranked 3rd out of 7 in its competitive set for RevPAR, indicating potential for revenue growth through improved management and marketing. With room revenue under $1.4 million in 2024, there is a significant opportunity to increase RevPAR, particularly by driving occupancy. The Property also shows potential for NOI margin improvement with a cost-effective owner/operator.
Excellent Location Near Major Interstate
The Hotel is conveniently located just off Interstate 41, making it easily accessible for travelers, and it is highly visible from the interstate, allowing guests to spot it quickly as they travel through the area. This prime location not only provides easy access to the highway but also places guests within close proximity to various local attractions and businesses, enhancing their overall experience in Oshkosh.
Unencumbered by Management
The Hotel is being offered unencumbered by a management group, allowing for a new Owner to bring in a new management company or to act as an owner/operator of the Property.
Fee Simple Interest
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