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Hotel-Motel

Holiday Inn Manitowoc

4601 Calumet Ave, Manitowoc, WI 54220

Listing Price: $10,000,000

Cap Rate
8.93%
Number of Rooms
204
RevPAR
$60
Gross SF
453,893
Price/Room
$49,020
Price/Gross SF
$22.03
Year Built
1987

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 204-room Holiday Inn located in Manitowoc, Wisconsin. The hotel is a three-story property built in 1987 and located off Interstate 43. Holiday Inn Manitowoc provides the opportunity for a new owner to acquire a 200+ room full-service hotel with potential to realize significant RevPAR growth through completion of the PIP, hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off Interstate 43
  • October 2023 Running 3-Month RevPAR has seen a +/- 24.1% Increase Compared to the Previous Year
  • Proximate to Lambeau Field, Point Beach Nuclear Power Plant, Jagemann Metal Stamping, Whistling Straits Golf Course, Kohler Company Headquarters, and More
  • Positive Trending RevPAR

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Hotel-Motel

Holiday Inn Manitowoc

Listing Price: $10,000,000

Cap Rate
8.93%
Number of Rooms
204
RevPAR
$60
Gross SF
453,893
Price/Room
$49,020
Price/Gross SF
$22.03
Year Built
1987

Investment Highlights

  • Property is Located Just off Interstate 43
  • October 2023 Running 3-Month RevPAR has seen a +/- 24.1% Increase Compared to the Previous Year
  • Proximate to Lambeau Field, Point Beach Nuclear Power Plant, Jagemann Metal Stamping, Whistling Straits Golf Course, Kohler Company Headquarters, and More
  • Positive Trending RevPAR

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 204-room Holiday Inn located in Manitowoc, Wisconsin. The hotel is a three-story property built in 1987 and located off Interstate 43. Holiday Inn Manitowoc provides the opportunity for a new owner to acquire a 200+ room full-service hotel with potential to realize significant RevPAR growth through completion of the PIP, hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

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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