Knights Inn
Racine, WI
1149 Oakes Rd., Racine, WI 53406
PROPERTY SUMMARY
Investment highlights:
- Recently renovated (2026). Limited near-term capital exposure on a property built in 1988 with 106 keys.
- Stabilized cash flow. $1,245,183 in 2025 TTM revenue at 45.0% occupancy and a $71.52 ADR, a recession-resilient segment with steady transient and corporate demand.
- Clear value-add opportunity. Below-market RevPAR ($32.30) leaves room for rate and revenue lift through rebranding, channel optimization, and improved revenue management.
- Diversified demand base. Midweek corporate demand from CNH Industrial, SC Johnson, and Racine County manufacturers; healthcare from Ascension All Saints and Aurora Medical Center; and seasonal Lake Michigan leisure (North Beach, festivals, charter fishing).
- Strategic I-94 corridor location. Centrally positioned between Milwaukee (30 mi) and Chicago (60 mi), capturing transient commercial and leisure traffic to supplement local generators.
- Extensive land and surface parking. 3.38-acre site with ~150 surface spaces and 40,128 sq ft of single-story improvements, offering flexibility and a low-maintenance footprint.
- Accessible deal size. Economy-tier, debt-free structure opens the buyer pool to individual operators and smaller sponsors seeking immediate yield.
