Investment Overview

Marcus & Millichap is proud to have been selected as exclusive advisor and broker in regard to the marketing effort of Hyatt Place Milwaukee Airport. This investment provides investors the seldom available opportunity to acquire an Upper Midscale, High Revenue, Fee Simple, All-Suite Airport Property in a Top 50 MSA for considerably below replacement cost while maintaining substantial upside potential. This contemporary four-story hotel is strategically positioned just two blocks away from Milwaukee Mitchell International Airport. Located in close proximity to the main airport entrance and easily accessible via Hwy 41, this hotel stands out as a remarkably convenient and appealing choice for a diverse range of travelers. Boasting 99 well-appointed all-suite rooms, the property leverages the upscale reputation of the Hyatt franchise and incorporates the latest sought-after amenities. Hyatt Place Milwaukee Airport hotel presents a compelling investment opportunity. Notably, the hotel has experienced a consistently positive RevPAR trend since 2021, positioning itself as a leader within its competitive set and steadily approaching pre-COVID business levels. There is also a great upside opportunity for future revenue with implementation of a hands-on operator or 3rd party management. Milwaukee's growing reputation as a business and leisure destination contributes to the hotel's upside potential, with the hotel benefiting from the consistent demand generated by airport traffic. The city has also recently embarked on revitalization efforts that have conspicuously bolstered the local economy, with predictions indicating sustained revenue growth in the future. As it continues to attract conventions, events, and tourism this hotel’s location will continue to grow for travelers looking to explore areas such as downtown Milwaukee, the Harley-Davidson Museum, the Milwaukee Art Museum, or the Fiserv Forum nearby.