Press Releases
Marcus & Millichap Arranges the Sale of a 60-Room Hospitality Property in Rothschild, Wisconsin
June 06, 2023
ROTHSCHILD, WI, June 6, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Econo Lodge Rothschild, a 60-room hospitality property located in Rothschild, Wisconsin, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office. The asset sold for $1,650,000.
Jared Plamann, Jake M. Erickson, Joseph Ferguson, and Jon Ruzicka, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Jared Plamann, Jake M. Erickson, Joseph Ferguson, and Jon Ruzicka. Todd Lindblom, Wisconsin Broker, assisted in closing this transaction.
Econo Lodge Rothschild is located at 1510 County Road XX in Rothschild, Wisconsin. The hotel had seen tremendous growth in 2023 business in response to a thorough renovation completed by the Seller. 2022 RevPAR finished shy of $30 while 2023 RevPAR continues to trend above $35. Per Plamann, “The Central WI Hotel market and demand remains consistent, and buyer was able to benefit in an expedited acquisition for strong summer revenues”. This sale marks the 67th hotel transaction for the team of Ruzicka/Erickson/Plamann/Ferguson out of Marcus & Millichap’s Minneapolis office.
Jared Plamann, Jake M. Erickson, Joseph Ferguson, and Jon Ruzicka, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Jared Plamann, Jake M. Erickson, Joseph Ferguson, and Jon Ruzicka. Todd Lindblom, Wisconsin Broker, assisted in closing this transaction.
Econo Lodge Rothschild is located at 1510 County Road XX in Rothschild, Wisconsin. The hotel had seen tremendous growth in 2023 business in response to a thorough renovation completed by the Seller. 2022 RevPAR finished shy of $30 while 2023 RevPAR continues to trend above $35. Per Plamann, “The Central WI Hotel market and demand remains consistent, and buyer was able to benefit in an expedited acquisition for strong summer revenues”. This sale marks the 67th hotel transaction for the team of Ruzicka/Erickson/Plamann/Ferguson out of Marcus & Millichap’s Minneapolis office.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
