Investment Overview

Marcus & Millichap is proud to have been chosen as Exclusive Broker and Advisor in regards to the marketing effort of the Sleep Inn & Suites Green Bay South. This well kept- midscale hotel is situated in a highly sought-after interstate location in the robust Green Bay Market. The hotel provides outstanding guest accommodations for a diverse range of travelers and sees revenue from ample demand drivers. This investment opportunity offers an appealing price point below market value, providing significant upside potential for investors. The Sleep Inn has been continuously renovated in both guest facing amenities in rooms and common areas as well as major mechanicals and structural improvements. An incoming investor will be able to benefit for the life cycle of these improvements. Overall, the Sleep Inn has exhibited commendable performance metrics, showcasing its resilience with an occupancy rate of 48.3 percent and leaning into an average daily rate (ADR) of $105.61, reflecting sustained demand while offering great upside potential through improved operation management strategies. The hotel is achieving a 92 percent RevPAR Index penetration allowing more upside potential. Having undergone renovations continuously since 2019, the property boasts a comprehensive array of modern amenities, including an indoor pool and whirlpool, elevator access, a business and fitness center, guest laundry facilities, and a generously spacious breakfast area. Adding to the appeal of this investment is its visibility on the heavily travelled Highway 41. The hotel's location is convenient for fans at Historical Lambeau Field 6.2 miles, Resch Center 6.5 miles, Meyer Theatre Downtown Green Bay eight miles, and Bay Beach 13.5 miles. Green Bay is also home to two large Universities in the University of Wisconsin Green Bay with 11,118 students, and Saint Norbert College with 2,089 students.