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Hotel-Motel

Quality Inn Tomah

305 Wittig Rd, Tomah, WI 54660

Listing Price: $2,495,000

Cap Rate
20.38%
Number of Rooms
52
RevPAR
$71
Price/Room
$47,981
RRM
1.86
Year Built
1990

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Quality Inn Tomah (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $2,495,000 or $47,981 per key. The Quality Inn Tomah is a 52-room, interior-corridor, midscale Hotel established at 305 Wittig Road, near the intersection of Interstate 94, Highway 21, and Highway 12. The Property is approximately 20,000 square feet across two floors and maintains amenities including an indoor heated pool, guest laundry facilities, and a business center. Tomah, Wisconsin is a city located in Monroe County in the central region of the state, 100 miles north of Madison and 160 miles west of Green Bay. The limited-service Hotel is located north of Tomah, near a multitude of nationally acclaimed retailers and restaurants. Tomah VA Medical Center and Toro Manufacturing LLC., two of the city’s largest employers located approximately 2.3 miles and 3.6 miles respectively from the Hotel, are prime revenue drivers for the surrounding area. Other major employers responsible for a significant portion of the workforce include Walmart Distribution Center (2.7 miles), Century Foods International LLC (18.1 miles), and Cardinal Glass Industries Inc (3.0 miles). Revenue generators in the area, like Tomah Aquatic Center (3.4 miles), Lake Tomah (3.6 miles), Whitetail Ridge Ski Area (10.9 miles), and Tomah Museum (2.5 miles) help bring additional revenue to the Hotel through an increase in transient business. The limited-service Hotel recorded room revenues of over $1.33 million in 2021, a significant 111 percent increase from 2019. Operationally, the Hotel maintained healthy cashflows with a pass-through net operating income of approximately 37 percent after a four percent capital replacement reserve. Net operating income after interest, taxes, depreciation, and amortization equates to more than $508 thousand. The Quality Inn is priced to transact at a 1.86 room revenue multiplier and 20.38 percent cap rate and will deliver favorable cash-on-cash returns.

Investment Highlights

  • Two-Story, 52-Room, Midscale Hotel in Monroe County, Wisconsin
  • Two-Story, 52-Room, Midscale Hotel in Monroe County, Wisconsin
  • Nearby Demand Drivers Include Tomah VA Medical Center, Toro Manufacturing LLC, Walmart Distribution Center, Century Foods International LLC, Tomah Aquatic Center, Lake Tomah, and Whitetail Ridge Ski A
  • Nearby Demand Drivers Include Tomah VA Medical Center, Toro Manufacturing LLC, Walmart Distribution Center, Century Foods International LLC, Tomah Aquatic Center, Lake Tomah, and Whitetail Ridge Ski Area

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Hotel-Motel

Quality Inn Tomah

Listing Price: $2,495,000

Cap Rate
20.38%
Number of Rooms
52
RevPAR
$71
Price/Room
$47,981
RRM
1.86
Year Built
1990

Investment Highlights

  • Two-Story, 52-Room, Midscale Hotel in Monroe County, Wisconsin
  • Two-Story, 52-Room, Midscale Hotel in Monroe County, Wisconsin
  • Nearby Demand Drivers Include Tomah VA Medical Center, Toro Manufacturing LLC, Walmart Distribution Center, Century Foods International LLC, Tomah Aquatic Center, Lake Tomah, and Whitetail Ridge Ski A
  • Nearby Demand Drivers Include Tomah VA Medical Center, Toro Manufacturing LLC, Walmart Distribution Center, Century Foods International LLC, Tomah Aquatic Center, Lake Tomah, and Whitetail Ridge Ski Area

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Quality Inn Tomah (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $2,495,000 or $47,981 per key. The Quality Inn Tomah is a 52-room, interior-corridor, midscale Hotel established at 305 Wittig Road, near the intersection of Interstate 94, Highway 21, and Highway 12. The Property is approximately 20,000 square feet across two floors and maintains amenities including an indoor heated pool, guest laundry facilities, and a business center. Tomah, Wisconsin is a city located in Monroe County in the central region of the state, 100 miles north of Madison and 160 miles west of Green Bay. The limited-service Hotel is located north of Tomah, near a multitude of nationally acclaimed retailers and restaurants. Tomah VA Medical Center and Toro Manufacturing LLC., two of the city’s largest employers located approximately 2.3 miles and 3.6 miles respectively from the Hotel, are prime revenue drivers for the surrounding area. Other major employers responsible for a significant portion of the workforce include Walmart Distribution Center (2.7 miles), Century Foods International LLC (18.1 miles), and Cardinal Glass Industries Inc (3.0 miles). Revenue generators in the area, like Tomah Aquatic Center (3.4 miles), Lake Tomah (3.6 miles), Whitetail Ridge Ski Area (10.9 miles), and Tomah Museum (2.5 miles) help bring additional revenue to the Hotel through an increase in transient business. The limited-service Hotel recorded room revenues of over $1.33 million in 2021, a significant 111 percent increase from 2019. Operationally, the Hotel maintained healthy cashflows with a pass-through net operating income of approximately 37 percent after a four percent capital replacement reserve. Net operating income after interest, taxes, depreciation, and amortization equates to more than $508 thousand. The Quality Inn is priced to transact at a 1.86 room revenue multiplier and 20.38 percent cap rate and will deliver favorable cash-on-cash returns.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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