Hotel-Motel
Hyatt Place Milwaukee Portfolio - Two Hotels
200 W Grange Ave, Milwaukee, WI 53207
Listing Price: $14,500,000
Investment Overview
Marcus & Millichap Minneapolis is proud to have been selected as exclusive advisor and broker in regard to the marketing effort of the two hotel Hyatt Place Milwaukee Portfolio. Consisting of 219 rooms between the Hyatt Place Milwaukee Airport and the Hyatt Place Milwaukee West, the pair are offered well below replacement cost and under 3xRRM. These generational owned properties were built by the current owners and have been professionally self-managed by the same allowing a new investor the ability to continue the consistent operations or better their return with hands on ownership. The properties are being made available individually or as a portfolio; however, preferential treatment will be given to portfolio investors. Outstanding debt is a non-recourse Life Company product ballooning in 2028 and is considerably below current market interest rates. This debt is assumable for qualified investors and, as with the aforementioned preference to sell as a portfolio, debt assumption by an investor is preferred.
Hyatt Place Milwaukee Airport is conveniently located less than a mile (.7 miles) from Milwaukee Mitchell International Airport. It sits near the main Airport entrance highly accessible via Hwy 41. This Airport hotel has 99 rooms across 4 floors and maintains Hyatt Franchise's Upscale reputation with all of their latest amenities. The hotel has continually trended in a positive direction since 2021 as a Comp Set leader and is closing in on Pre-Covid level business.
Hyatt Place Milwaukee West contains 120 rooms over 4 floors and sits off Hwy 41 and Silver Spring Dr. The hotel benefits from a healthy mix of both leisure and corporate demand travel. The location allows an investor to leverage ample local businesses in convenient lodging. In correlation with the Milwaukee Airport Hotel, Milwaukee West rampantly has improved in business performance while still showing signs of unrealized growth potential at a sub 50% RevPAR index.
Investment Highlights
- Developed, Owned and Operated by Institutional Level Owner Allows Upside Opportunity With Hands-On Operator or Consistent Implementation of 3rd Party Management
- Extremely Rare Opportunity With First Generation, Legacy Ownership Group of 40+ Years
- Consistently Renovated Throughout Ownership and Meticulously Maintained With Minimal PIP Expectations.
- Upper-Midscale/Upscale Assets Under the Rarely Available Hyatt Franchise
- Excellent Location Near Milwaukee Airport and Highly Traveled Hwy 41
- Offered Well Below Replacement Cost at $66k/Key
- Continually a Leader in CompSet Achieving 2022 RevPAR Growth Over 45%
- April 2023 Hotel Performance Continues to Improve With RevPAR Growth of 28.9% and 14.7% Respectively.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
Listing Price: $14,500,000
Investment Highlights
- Developed, Owned and Operated by Institutional Level Owner Allows Upside Opportunity With Hands-On Operator or Consistent Implementation of 3rd Party Management
- Extremely Rare Opportunity With First Generation, Legacy Ownership Group of 40+ Years
- Consistently Renovated Throughout Ownership and Meticulously Maintained With Minimal PIP Expectations.
- Upper-Midscale/Upscale Assets Under the Rarely Available Hyatt Franchise
- Excellent Location Near Milwaukee Airport and Highly Traveled Hwy 41
- Offered Well Below Replacement Cost at $66k/Key
- Continually a Leader in CompSet Achieving 2022 RevPAR Growth Over 45%
- April 2023 Hotel Performance Continues to Improve With RevPAR Growth of 28.9% and 14.7% Respectively.
Investment Overview
Marcus & Millichap Minneapolis is proud to have been selected as exclusive advisor and broker in regard to the marketing effort of the two hotel Hyatt Place Milwaukee Portfolio. Consisting of 219 rooms between the Hyatt Place Milwaukee Airport and the Hyatt Place Milwaukee West, the pair are offered well below replacement cost and under 3xRRM. These generational owned properties were built by the current owners and have been professionally self-managed by the same allowing a new investor the ability to continue the consistent operations or better their return with hands on ownership. The properties are being made available individually or as a portfolio; however, preferential treatment will be given to portfolio investors. Outstanding debt is a non-recourse Life Company product ballooning in 2028 and is considerably below current market interest rates. This debt is assumable for qualified investors and, as with the aforementioned preference to sell as a portfolio, debt assumption by an investor is preferred. Hyatt Place Milwaukee Airport is conveniently located less than a mile (.7 miles) from Milwaukee Mitchell International Airport. It sits near the main Airport entrance highly accessible via Hwy 41. This Airport hotel has 99 rooms across 4 floors and maintains Hyatt Franchise's Upscale reputation with all of their latest amenities. The hotel has continually trended in a positive direction since 2021 as a Comp Set leader and is closing in on Pre-Covid level business. Hyatt Place Milwaukee West contains 120 rooms over 4 floors and sits off Hwy 41 and Silver Spring Dr. The hotel benefits from a healthy mix of both leisure and corporate demand travel. The location allows an investor to leverage ample local businesses in convenient lodging. In correlation with the Milwaukee Airport Hotel, Milwaukee West rampantly has improved in business performance while still showing signs of unrealized growth potential at a sub 50% RevPAR index.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By

