Press Releases
Marcus & Millichap Facilitates Sale of 42-Room AmericInn Hotel in Rice Lake, Wisconsin
May 28, 2025
RICE LAKE, Wis., May 28, 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 a 42-room AmericInn hotel property in Rice Lake, Wisconsin.
“This transaction stood out due to the buyer’s close proximity to the property, which enables a more hands-on ownership style,” said Jon Ruzicka, first vice president investments. “That level of involvement is expected to strengthen daily operations and deepen guest relationships. With modest updates planned, the hotel will continue to offer the clean, comfortable experience travelers value. The Rice Lake hospitality market remains strong, with steady tourism and ongoing demand for well-run, midscale accommodations.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Todd Lindblom is the firm’s broker of record in Wisconsin.
The two-story AmericInn is located on 1.26 acres at 2906 Pioneer Ave., just off Highway 53. The property features a heated indoor pool, complimentary breakfast and business center. Built in 1994, the hotel benefits from steady demand from business and leisure travelers due to its location near Rice Lake Weighing Systems, Marshfield Clinic, the Red Cedar River and Turtleback Golf Course.
“This transaction stood out due to the buyer’s close proximity to the property, which enables a more hands-on ownership style,” said Jon Ruzicka, first vice president investments. “That level of involvement is expected to strengthen daily operations and deepen guest relationships. With modest updates planned, the hotel will continue to offer the clean, comfortable experience travelers value. The Rice Lake hospitality market remains strong, with steady tourism and ongoing demand for well-run, midscale accommodations.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Todd Lindblom is the firm’s broker of record in Wisconsin.
The two-story AmericInn is located on 1.26 acres at 2906 Pioneer Ave., just off Highway 53. The property features a heated indoor pool, complimentary breakfast and business center. Built in 1994, the hotel benefits from steady demand from business and leisure travelers due to its location near Rice Lake Weighing Systems, Marshfield Clinic, the Red Cedar River and Turtleback Golf Course.
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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.
