Press Releases
Marcus & Millichap Brokers Sale of 80-Room Four Points Hotel in Appleton, Wisconsin
February 23, 2026
APPLETON, Wis., Feb. 23, 2026 – 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 an 80-room Four Points by Sheraton hotel property in Appleton, Wisconsin.
“The buyer is acquiring a fully renovated Marriott-branded asset with the opportunity to enhance performance in a stable and diversified demand market,” said Jon Ruzicka, senior managing director investments. “Strong interest in this offering reflects continued investor confidence in well-located, brand-affiliated hotel properties throughout the Midwest.”
Raj H. Patel of Marcus & Millichap’s Milwaukee office, along with Ruzicka, Joseph Ferguson and Reed Gizinski of the firm’s Minneapolis office, exclusively represented the seller and procured the buyer. The assignment was originated by Patel, who served as lead advisor. He worked with ownership to position the asset for market, coordinate tours, oversee due diligence and collaborate with the team to generate competitive interest and successfully close the transaction.
The Four Points by Sheraton Appleton is located at 300 N. Mall Drive on 1.73 acres in Wisconsin’s Fox Valley. Built in 1997 and renovated in 2021, the upper-midscale hotel is positioned near Appleton International Airport, Fox River Mall, Lawrence University and several major employers.
“The buyer is acquiring a fully renovated Marriott-branded asset with the opportunity to enhance performance in a stable and diversified demand market,” said Jon Ruzicka, senior managing director investments. “Strong interest in this offering reflects continued investor confidence in well-located, brand-affiliated hotel properties throughout the Midwest.”
Raj H. Patel of Marcus & Millichap’s Milwaukee office, along with Ruzicka, Joseph Ferguson and Reed Gizinski of the firm’s Minneapolis office, exclusively represented the seller and procured the buyer. The assignment was originated by Patel, who served as lead advisor. He worked with ownership to position the asset for market, coordinate tours, oversee due diligence and collaborate with the team to generate competitive interest and successfully close the transaction.
The Four Points by Sheraton Appleton is located at 300 N. Mall Drive on 1.73 acres in Wisconsin’s Fox Valley. Built in 1997 and renovated in 2021, the upper-midscale hotel is positioned near Appleton International Airport, Fox River Mall, Lawrence University and several major employers.
# # #
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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
