355 N Fox River Dr, Appleton, WI 549132214 E Main St, Albert Lea, MN 560072308 Lineville Rd, Green Bay, WI 54313185 US-2, Proctor, MN 558104257 Haines Rd, Duluth, MN 55811
Midwest Choice/Wyndham Portfolio
Asset ClassHotel & Hospitality
Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest* in a 391-room 5-Hotel Portfolio of Choice and Wyndham Hotels in Wisconsin and Minnesota - either as a Portfolio, Sub-Portfolio or individual acquisition(s) (the “Hotels” or “Assets”). These hotels are being offered unencumbered of management and priced well below replacement cost. These properties may be sold individually or as a portfolio or as a sub-portfolio.
- Country Inn & Suites Green Bay North
- Country Inn & Suites Appleton
- Country Inn & Suites Albert Lea
- Country Inn & Suites Duluth North
- AmericInn Duluth South Black Woods Event Center
* The Country Inn & Suites Green Bay North includes the leasehold interest for the parking area.
Investment Highlights
- Built Above Brand Standards and Renovated: All five Hotels have been built above brand standards, and they have been meticulously taken care of over their lifespan. Many of the assets have experienced comprehensive renovations in recent years.
- Ability to Acquire the Entire Portfolio or Sub-Portfolios with Economies of Scale: The option to acquire the entire Portfolio or select Sub-Portfolios, such as the two asset offers flexibility in investment scale and strategy. This choice not only allows for tailoring to specific investment goals, but also the creation of geographical/brand-based Sub-Portfolios to capitalize on economies of scale and an increase of the bottom-line.
- Unencumbered of Management: The Hotels are being offered unencumbered of management, which will allow a new owner to improve operating efficiencies.
- Attractive Basis - Well Below Replacement Cost: The national average cost of building a hotel has increased significantly in the past few years. These Assets provide an investor with the opportunity to acquire high-quality Properties, unencumbered of debt, at pricing well below current construction costs (even after the completion of PIPs).
Sales Team
Listing provided by Revere CRE