Investment Overview

Recently constructed in 2022, the Staybridge Suites Racine – Mount Pleasant is an extended-stay hotel recently constructed in 2022 that features 88 spacious guest rooms, each fully equipped with a kitchenette. The property maintains several common area amenities such as an indoor pool, hot tub, fitness center, business center, breakfast area, guest laundry, meeting rooms, and an outdoor patio with a barbecue area. The Property is a four-story interior corridor hotel located in Mt. Pleasant, Wisconsin. The property boasts high visibility from Washington Ave and is situated less than 30 miles from Downtown Milwaukee and 73 miles from Chicago. Within five miles of the property, residents and visitors alike can enjoy a plethora of recreational and leisure activities, with attractions such as Westgate Mall Shopping Center, The Lanes on 20, Meadowbrook Country Club, Village Center, Racine Center. Mt. Pleasant is also gaining the attention of larger companies, such as Microsoft, which is planning to invest several billion dollars over the next decade to construct a data center on 315 acres in the village. After breaking ground on the center in September 2023, Microsoft is seeking to purchase another thousand acres in the future in addition to investing $4.2 million to restore 1.5 miles of Lamparek Creek. Additionally, the Hotel is situated near several nationally acclaimed retailers including Walmart Supercenter, The Home Depot, Target, Denny’s, Starbucks, Chick-fil-A, Wendy’s, and Panera Bread. Located 21 miles away from Milwaukee Mitchell International Airport (MKE), the hotel enjoys a strategic position with plenty of accessibility. In 2023, MKE achieved a remarkable milestone by facilitating the transport of over six million passengers, a 10 percent increase from 2022. O’Hare International Airport, located 58 miles away from the Property, is the ninth-busiest airport in the world by passenger count and facilitated the transport of nearly 74 million passengers in 2023. The Hotel is currently a Staybridge Suites, which is internationally recognized as a member of InterContinental Hotels Group (IHG), one of the largest and most successful hotel companies. As a member of the IHG family, the Property benefits from a superior reservation system, as well as the IHG Rewards loyalty program. This offering provides an investor the ability to acquire the Property unencumbered by management or existing debt, presenting an exceptional operational opportunity for robust revenue growth through strategic implementation of aggressive yield management strategies.