Press Releases
Marcus & Millichap Arranges Sale of 99-Room Hyatt Place Hotel at Milwaukee Airport
March 18, 2025
MILWAUKEE, March 19, 2025 – 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 the 99-room Hyatt Place Milwaukee Airport in Milwaukee, Wisconsin.
“Situated just outside the gates of a top 50 MSA international airport on fee simple land, Hyatt Place Milwaukee Airport offers exceptional convenience and accessibility,” said Jon Ruzicka, first vice president investments. “Planned renovations will align the property with the latest franchisor standards, further enhancing the guest experience. Milwaukee’s tourism market continues to expand, driven by a strong visitor economy and ongoing infrastructure investments.”
Ruzicka, Joseph Ferguson, Eric Wagner, Jake Erickson and Jared Plamann, investment specialists in Marcus & Millichap’s Minneapolis and Milwaukee offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The four-story hotel, located at 200 W. Grange Ave., sits on 1.56 acres and has been institutionally owned and meticulously maintained for more than 40 years. The upcoming multimillion-dollar air cargo facility at Milwaukee Mitchell International Airport, set for completion in 2026, is expected to boost demand for the property, reinforcing its long-term value and the city’s growing connectivity.
“Situated just outside the gates of a top 50 MSA international airport on fee simple land, Hyatt Place Milwaukee Airport offers exceptional convenience and accessibility,” said Jon Ruzicka, first vice president investments. “Planned renovations will align the property with the latest franchisor standards, further enhancing the guest experience. Milwaukee’s tourism market continues to expand, driven by a strong visitor economy and ongoing infrastructure investments.”
Ruzicka, Joseph Ferguson, Eric Wagner, Jake Erickson and Jared Plamann, investment specialists in Marcus & Millichap’s Minneapolis and Milwaukee offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The four-story hotel, located at 200 W. Grange Ave., sits on 1.56 acres and has been institutionally owned and meticulously maintained for more than 40 years. The upcoming multimillion-dollar air cargo facility at Milwaukee Mitchell International Airport, set for completion in 2026, is expected to boost demand for the property, reinforcing its long-term value and the city’s growing connectivity.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
