Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 60-room AmericInn Chippewa Falls (“Hotel” or “Property”), situated at 11 South Ave, Chippewa Falls, WI 54729.
The acquisition of the AmericInn Chippewa Falls (the “Property” or “Hotel”) presents an excellent opportunity to acquire a fully renovated, turnkey hotel with in-place cash flow in a stable and scenic regional market. The Hotel recently completed the AmericInn Full Pursuit PIP, which included updated guestrooms and common areas, new artwork and lighting, fresh paint, and 50” TVs in every room—resulting in a minimal anticipated change-of-ownership PIP. Offered free and clear of management, the Property allows for a seamless transition into ownership. Located in the charming town of Chippewa Falls, Wisconsin, the Hotel is well-positioned to capture transient demand, supported by the area’s natural attractions, historic character, and year-round outdoor recreation. The Hotel represents a unique opportunity to enter the market through a well-known midscale brand.
Investment Highlights
Fully Renovated Property
Fully renovated, recently completing the AmericInn Full Pursuit PIP, the Hotel is available as a turnkey asset, with renovated front desk, lobby, and breakfast areas, new artwork, light fixtures, repainted guestrooms and common areas, and new wall mounted 50” TVs in every guestroom. Each room features new RFID door locks, case goods, carpet, backlit LED vanity mirrors, and toilets. Fresh exterior paint, a new parking lot, pool deck, and pool HVAC/air exchanger have also been completed. Due to the recency of this complete renovation, we expect a minimal change of ownership PIP.
Strong Room Revenue, Cash Flow and KPIs
Leading its competitive set in ADR and RevPAR, achieving 121.2% RevPAR penetration across 2024, the Property boasts exceptional topline revenues, averaging over $1.3m across the three most recent YE periods. Furthermore, the Hotel benefits from its lean operation, with its YE 2024 NOI flowthrough nearing 35% after a 4% replacement reserve. While already a standout asset in the market, the Hotel’s recent renovation, combined with careful revenue management practices, opens the potential to increase both rate and occupancy, dramatically increasing revenues and profits.
Offered Unencumbered by Management
The AmericInn Chippewa Falls is being offered unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator.
Attractive Basis – Well Below Replacement Cost
The national average cost of building a new hotel has increased significantly in the past few years. The Hotel is concrete construction and provides an investor with the opportunity to acquire a well-located fully renovated Property, unencumbered of debt and management, at pricing well below current construction costs.
Fee Simple Interest
The Property will be offered as fee simple.
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