Investment Overview

Marcus & Millichap is proud to have been selected as the exclusive broker and advisor in regard to the marketing effort of the AmericInn Rice Lake. This two-story, limited-service hotel comprises 42 rooms and is strategically located off Highway 53 offering excellent visibility and accessibility. The property presents an appealing investment opportunity offering substantial potential upside in a market defined by steady demand drivers and limited competition all while being offered at a room revenue multiplier below 3x. Overall, this acquisition provides an investor the opportunity to acquire a historically consistent performing hotel at considerably below replacement cost; especially for a concrete build structure such as this. This hotel has been owned and operated by a larger tier owner which provides upside potential for a more hands on owner/operator by implementing cost saving measures. Enhanced projected revenue generation and improved operating margins via a more hands on approach offers a new owner considerable upside potential. Positioned on a high-traffic highway, the hotel provides guests with convenient access to the Red Cedar River, renowned for boating and water activities. It is also near popular outdoor attractions like the Wild Rivers State Trail and Tuscobia State Trail, drawing hikers and bikers. Visitors can also enjoy thrilling car races at Rice Lake Speedway, shopping at Cedar Mall, gaming at the St. Croix Casino, or golfing at the 18-hole Turtleback Golf Course. The hotel's location is further bolstered by its proximity to major employers such as Rice Lake Weighing Systems, Johnson Truck Bodies, McCain Foodservice, and Quanex Building Products, along with medical facilities like Marshfield Clinic and Lakeview Medical Center. These businesses and facilities generate consistent demand from both corporate and leisure travelers. Rice Lake serves as a commercial and tourist hub for the surrounding rural areas, supported by a diverse economy spanning manufacturing, retail trade, and healthcare. This stable economic environment ensures consistent hospitality demand. The property offers a range of guest-focused amenities, including a heated indoor pool, complimentary breakfast, free Wi-Fi, onsite laundry services, and a 24-hour business center. Each room is thoughtfully equipped with air conditioning, a coffeemaker, microwave, refrigerator, cable television, and optional whirlpool suites, catering to various guest preferences. The AmericInn Rice Lake provides investors the opportunity to acquire a strategically positioned hospitality asset with strong Wyndham brand affiliation in a stable and growing market. Its combination of prime location, robust amenities, and proximity to key demand generators underscores its potential for sustained occupancy and revenue growth.