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Hotel-Motel

Rodeway Inn Abbotsford

300 Elderberry Rd, Abbotsford, WI 54405

Listing Price: $1,800,000

Cap Rate
9.50%
Number of Rooms
60
RevPAR
$30
Price/Room
$30,000
RRM
2.64
Year Built
1999

Investment Overview

Marcus & Millichap is proud to be the chosen in the marketing efforts of the Rodeway Inn in Abbotsford, WI. This Choice branded hotel consists of 60 interior-corridor rooms among 3 floors with an elevator. The hotel was originally built as a Sleep Inn in 1999 and has remained in the Choice family. Conveniently located off of Hwy 29, the hotel benefits from both leisure and business travel between Minneapolis and Green Bay. As the only nationally branded hotel spanning across much of Hwy 29, the hotel captures demand from loyal Choice rewards customers. The property is lagging behind in its CompSet with a 70.6% RevPAR index allowing room for growth upon new ownership. Still, the Rodeway has been outpacing the 2021 revenue trends and shows 10.8% growth on a RevPAR basis. Abbotsford sits just west of Wausau and north of Marshfield. The property is near demand drivers such as Granite Peak Ski Hill (35 miles), Marshfield Medical Center (21 miles), and the Central Wisconsin Airport (40 miles).

Investment Highlights

  • 3-Story, 60 Room Former Sleep Inn Hotel
  • Ample Owner Operator Upside Potential With Current Absentee Ownership
  • Excellent Location off of Highly Traveled Hwy 29 Between Minneapolis and Green Bay
  • Only Nationally Branded Hotel Between Wausau and Chippewa Falls on Hwy 29
  • Solid Structure Allows Alternative Brand Opportunities For New Owner
  • Extensively Renovated Hotel With Little to No PIP Expectations

Exclusively Listed By

  • Jared Plamann

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

  • 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

    Senior Associate

    (952) 852-9721

    Email Jake

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

    Minneapolis

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Hotel-Motel

Rodeway Inn Abbotsford

Listing Price: $1,800,000

Cap Rate
9.50%
Number of Rooms
60
RevPAR
$30
Price/Room
$30,000
RRM
2.64
Year Built
1999

Investment Highlights

  • 3-Story, 60 Room Former Sleep Inn Hotel
  • Ample Owner Operator Upside Potential With Current Absentee Ownership
  • Excellent Location off of Highly Traveled Hwy 29 Between Minneapolis and Green Bay
  • Only Nationally Branded Hotel Between Wausau and Chippewa Falls on Hwy 29
  • Solid Structure Allows Alternative Brand Opportunities For New Owner
  • Extensively Renovated Hotel With Little to No PIP Expectations

Investment Overview

Marcus & Millichap is proud to be the chosen in the marketing efforts of the Rodeway Inn in Abbotsford, WI. This Choice branded hotel consists of 60 interior-corridor rooms among 3 floors with an elevator. The hotel was originally built as a Sleep Inn in 1999 and has remained in the Choice family. Conveniently located off of Hwy 29, the hotel benefits from both leisure and business travel between Minneapolis and Green Bay. As the only nationally branded hotel spanning across much of Hwy 29, the hotel captures demand from loyal Choice rewards customers. The property is lagging behind in its CompSet with a 70.6% RevPAR index allowing room for growth upon new ownership. Still, the Rodeway has been outpacing the 2021 revenue trends and shows 10.8% growth on a RevPAR basis. Abbotsford sits just west of Wausau and north of Marshfield. The property is near demand drivers such as Granite Peak Ski Hill (35 miles), Marshfield Medical Center (21 miles), and the Central Wisconsin Airport (40 miles).

Exclusively Listed By

  • Jared Plamann

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

  • 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

    Senior Associate

    (952) 852-9721

    Email Jake

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

    Minneapolis

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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