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.