Hotel-Motel
Baymont by Wyndham Marinette
2180 Roosevelt Rd, Marinette, WI 54143
Listing Price: $2,950,000
Investment Overview
Marcus and Millichap is pleased to present the investment opportunity located at 2180 Roosevelt Road in Marinette, Wisconsin. Occupied by the Baymont Inn Marinette, this 48-room hospitality asset offers an attractive opportunity to acquire a fully renovated, limited-service hotel with no property improvement plan (PIP) expected for a new owner. Furthermore, recent capital improvements enhance the hotel’s physical condition and guest experience, reducing near-term CapEx exposure.
Listing Price: $2,950,000
Investment Highlights
- Fully Renovated 48-Room Hotel with No Property Improvement Plan (PIP) Required
- Recent Capital Investments Enhance Guest Experience and Minimize Near-Term CapEx
- Strong Operating Fundamentals with NOI Margins Exceeding 30 Percent
Investment Overview
Marcus and Millichap is pleased to present the investment opportunity located at 2180 Roosevelt Road in Marinette, Wisconsin. Occupied by the Baymont Inn Marinette, this 48-room hospitality asset offers an attractive opportunity to acquire a fully renovated, limited-service hotel with no property improvement plan (PIP) expected for a new owner. Furthermore, recent capital improvements enhance the hotel’s physical condition and guest experience, reducing near-term CapEx exposure.
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