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 Super 8 by Wyndham Plover Stevens Point Area (‘Hotel’ or ‘Property’) located in Plover, Wisconsin. The Wyndham Hotels & Resorts-branded Hotel is offered at $2,295,000 or $29,051 per key. The Super 8 by Wyndham Plover Stevens Point Area is a 79-room, two-story Hotel stationed at 5246 Harding Ave in Plover, Wisconsin, just off U.S. Highway 51 and Interstate 39. Various common area amenities at the Property include an indoor pool, breakfast area, game room, bus parking, meeting space, laundry facility, and business center. Plover is a village in Portage County, Wisconsin, as a part of the Stevens Point Micropolitan Statistical Area. Plover is in between Wausau (42 mi) and Madison (102 mi), both of which are accessible from the village via Interstate 39. The village’s economy is primarily driven by government, manufacturing, and healthcare industries, with several large employers located in the area. Notably, the University of Wisconsin-Stevens Point employes over 400 people and houses more than 2,000 students. Other key contributors include Ministry Health Care, a branch of Ascension Health, and Skyward, a school administration software company. These institutions provide stability and make significant contributions to the local economy. Plover has a wide range of activities and entertainment venues in proximity to the village. Benefitting from the nearby entertainment demand drivers in Stevens Point, tourists have quick access to Central Wisconsin Children's Museum, Stevens Point Sculpture Park, and Wisconsin Conservation Hall of Fame. Plover is also located near Schmeeckle Reserve, a popular location for those seeking out hiking trails, wildlife viewing opportunities, and children’s education classes. Other demand generators for the village include the Wisconsin River, which offers opportunities for kayaking, swimming, and boating, as well as Golden Sands Speedway, a popular racecar destination. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $777 thousand and a net operating income over $224 thousand, or 28.68 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. Twelve-month RevPAR in the Wausau/Stevens Point hotel submarket was up sharply as of February and climbed at a 30.3 percent year-over-year rate. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.