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Hotel-Motel

AmericInn by Wyndham Dodgeville

3637 WI-23, Dodgeville, WI 53533

Listing Price: $4,195,000

Cap Rate
12.39%
Number of Rooms
63
RevPAR
$50
Price/Room
$66,587
RRM
3.66
Year Built
1989

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 AmericInn by Wyndham Dodgeville (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts-branded Hotel is offered at $4,195,000 or $66,587 per key. The AmericInn by Wyndham Dodgeville is located at 3637 State Highway 23 in Wisconsin. The 63-room, three-story Property was built in 1989 and is situated on a 2.27-acre lot. With roughly 37,350 square feet of interior space, the Property maintains a wide variety of common area amenities such as a business center, fitness center, guest laundry facility, indoor pool, and ample parking for both buses and trucks. In the Madison Metropolitan Statistical Area in Iowa County, Dodgeville is in southern Wisconsin. Home to manufacturing plants such as Cummins Incorporated and Walnut Hollow, Dodgeville’s economy also sees significant economic contributors within the retail industry. Within the retail sector of the economy, Lands’ End has historically been the largest employer. Other top employers include Vortex Optics and Upland Hills Health Hospital & Clinics. Another contributor to Dodgeville’s economy, tourism to the city is anchored mainly by popular attractions like Taliesin – Frank Lloyd Wright Estate and House on the Rocks, two of Wisconsin’s top tourist locations. For those looking to enjoy the outdoors, beautiful attractions such as Governor Dodge State Park, Tyrol Basin, Herb Harris Park, John Wilson Memorial Park (Wilson Park), and Blue Mound State Park are all located locally or less than half an hour away. Through twelve-months ending in June 2022, the Hotel recorded room revenues of over $1.14 million, coupled with an ideal net operating income flow-through of 44.8 percent of total revenue, which equates to over $519 thousand. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

Investment Highlights

  • Three-Story, 63-Room, Interior-Corridor, Wyndham Hotels-Branded Hotel
  • Priced Below Replacement Costs at $66,587 Per Key
  • Excellent Visibility and Accessibility from State Road 23, a Major North-South Thoroughfare in Dodgeville
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Over $1.14 Million of Room Revenue Through Twelve-Months Ending June 2022

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Hotel-Motel

AmericInn by Wyndham Dodgeville

Listing Price: $4,195,000

Cap Rate
12.39%
Number of Rooms
63
RevPAR
$50
Price/Room
$66,587
RRM
3.66
Year Built
1989

Investment Highlights

  • Three-Story, 63-Room, Interior-Corridor, Wyndham Hotels-Branded Hotel
  • Priced Below Replacement Costs at $66,587 Per Key
  • Excellent Visibility and Accessibility from State Road 23, a Major North-South Thoroughfare in Dodgeville
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Over $1.14 Million of Room Revenue Through Twelve-Months Ending June 2022

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 AmericInn by Wyndham Dodgeville (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts-branded Hotel is offered at $4,195,000 or $66,587 per key. The AmericInn by Wyndham Dodgeville is located at 3637 State Highway 23 in Wisconsin. The 63-room, three-story Property was built in 1989 and is situated on a 2.27-acre lot. With roughly 37,350 square feet of interior space, the Property maintains a wide variety of common area amenities such as a business center, fitness center, guest laundry facility, indoor pool, and ample parking for both buses and trucks. In the Madison Metropolitan Statistical Area in Iowa County, Dodgeville is in southern Wisconsin. Home to manufacturing plants such as Cummins Incorporated and Walnut Hollow, Dodgeville’s economy also sees significant economic contributors within the retail industry. Within the retail sector of the economy, Lands’ End has historically been the largest employer. Other top employers include Vortex Optics and Upland Hills Health Hospital & Clinics. Another contributor to Dodgeville’s economy, tourism to the city is anchored mainly by popular attractions like Taliesin – Frank Lloyd Wright Estate and House on the Rocks, two of Wisconsin’s top tourist locations. For those looking to enjoy the outdoors, beautiful attractions such as Governor Dodge State Park, Tyrol Basin, Herb Harris Park, John Wilson Memorial Park (Wilson Park), and Blue Mound State Park are all located locally or less than half an hour away. Through twelve-months ending in June 2022, the Hotel recorded room revenues of over $1.14 million, coupled with an ideal net operating income flow-through of 44.8 percent of total revenue, which equates to over $519 thousand. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

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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