Hotel-Motel

Comfort Inn & Suites Black River Falls I-94

W10170 WI-54, Black River Falls, WI 54615

Listing Price: $4,600,000

Cap Rate
10.08%
Number of Rooms
75
RevPAR
$54
Gross SF
49,405
Price/Room
$61,333
RRM
3.12
Price/Gross SF
$93.11
Year Built
1998

Investment Overview

Marcus & Millichap is proud to be the Exclusive Representative of the Comfort Inn & Suites in Black River Falls Wisconsin. Geographically centered between Minneapolis, MN and Madison, WI on exit 116 Interstate 94, the hotel benefits greatly from freeway visibly and is only about two hours from both major cities with international airports. This is the ONLY Choice Brand property within a 25-mile Radius and is only one of two Choice Hotels within 50 Mile Radius. Only two hours from the Twin Cities, two hours from Madison, three hours from Milwaukee, and five hours from Chicago. This limited-service 2-Story, 75 room hotel was built in 1998 with wood frame construction and has a 20 year Franchise agreement from Choice that expires in 2036. The hotel is priced at a 3.4 Room Revenue Multiplier and offers investors an attractive opportunity to earn 18.5% on their initial equity at a $5,200,000 purchase price per September 2019 trailing 12-month revenues. This is an opportunity to acquire a well-established upper-midscale franchised hotel property in a market with desirable year-round demand generators.

Investment Highlights

  • Location: Visibility From I-94 Interstate
  • Supply Risk: Limited Exposure to New Development
  • Demand: Consistent Stable Demand Generators
  • PIP: Truly Yours PIP Majority Completed
  • Franchise: Comfort Inn & Suites 20 Year Agreement Signed In 2016

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Hotel-Motel

Comfort Inn & Suites Black River Falls I-94

Listing Price: $4,600,000

Cap Rate
10.08%
Number of Rooms
75
RevPAR
$54
Gross SF
49,405
Price/Room
$61,333
RRM
3.12
Price/Gross SF
$93.11
Year Built
1998

Investment Highlights

  • Location: Visibility From I-94 Interstate
  • Supply Risk: Limited Exposure to New Development
  • Demand: Consistent Stable Demand Generators
  • PIP: Truly Yours PIP Majority Completed
  • Franchise: Comfort Inn & Suites 20 Year Agreement Signed In 2016

Investment Overview

Marcus & Millichap is proud to be the Exclusive Representative of the Comfort Inn & Suites in Black River Falls Wisconsin. Geographically centered between Minneapolis, MN and Madison, WI on exit 116 Interstate 94, the hotel benefits greatly from freeway visibly and is only about two hours from both major cities with international airports. This is the ONLY Choice Brand property within a 25-mile Radius and is only one of two Choice Hotels within 50 Mile Radius. Only two hours from the Twin Cities, two hours from Madison, three hours from Milwaukee, and five hours from Chicago. This limited-service 2-Story, 75 room hotel was built in 1998 with wood frame construction and has a 20 year Franchise agreement from Choice that expires in 2036. The hotel is priced at a 3.4 Room Revenue Multiplier and offers investors an attractive opportunity to earn 18.5% on their initial equity at a $5,200,000 purchase price per September 2019 trailing 12-month revenues. This is an opportunity to acquire a well-established upper-midscale franchised hotel property in a market with desirable year-round demand generators.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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