Press Releases
Marcus & Millichap Arranges Sale of Grand Marquis Waterpark Hotel & Suites in Wisconsin Dells
June 09, 2026
WISCONSIN DELLS, Wis., June 9, 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 Grand Marquis Waterpark Hotel & Suites, a 93-room hotel with an expansive indoor and outdoor waterpark, located in Wisconsin Dells.
“This transaction created a rare opportunity to acquire a long-held asset, as the hotel had remained under original family ownership throughout its history,” said Jon Ruzicka, senior managing director investments. “Wisconsin Dells has evolved beyond a traditional seasonal destination and continues to benefit from increasing year-round demand drivers that support long-term lodging growth.”
“As hospitality properties continue to evolve throughout Wisconsin Dells, our team is seeing increased demand from buyers seeking well-located resort and redevelopment opportunities,” said Raj H. Patel, associate investments. “This property is expected to continue to thrive given the area’s long-standing tourism strength and limited availability of comparable assets.”
Ruzicka and Patel, investment specialists in Marcus & Millichap’s Milwaukee and Minneapolis offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The Grand Marquis Waterpark Hotel & Suites is situated on 3.19 acres at 840 Wisconsin Dells Parkway South. Built in 1994, the property features meeting and event space, 10 water slides, family-style suites, an indoor hot tub, sauna and heated outdoor pool. An experienced hotel operator is expected to implement revenue management and operational strategies to further enhance the property's performance and efficiency.
“This transaction created a rare opportunity to acquire a long-held asset, as the hotel had remained under original family ownership throughout its history,” said Jon Ruzicka, senior managing director investments. “Wisconsin Dells has evolved beyond a traditional seasonal destination and continues to benefit from increasing year-round demand drivers that support long-term lodging growth.”
“As hospitality properties continue to evolve throughout Wisconsin Dells, our team is seeing increased demand from buyers seeking well-located resort and redevelopment opportunities,” said Raj H. Patel, associate investments. “This property is expected to continue to thrive given the area’s long-standing tourism strength and limited availability of comparable assets.”
Ruzicka and Patel, investment specialists in Marcus & Millichap’s Milwaukee and Minneapolis offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The Grand Marquis Waterpark Hotel & Suites is situated on 3.19 acres at 840 Wisconsin Dells Parkway South. Built in 1994, the property features meeting and event space, 10 water slides, family-style suites, an indoor hot tub, sauna and heated outdoor pool. An experienced hotel operator is expected to implement revenue management and operational strategies to further enhance the property's performance and efficiency.
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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, 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.
