Investment Overview

Marcus & Millichap is pleased to present for sale to qualified investors the Knights Inn Racine (“Hotel” or “Property”) located in Mt. Pleasant, Wisconsin. The property is being offered on a “Request for Offer” basis. Please contact the listing agent for more information. The Knights Inn Racine is located at 1149 Oakes Rd in Mt. Pleasant, Wisconsin. In 2024 and 2025, approximately $650,000 in capital improvements were made to the Knights Inn, include new flooring, mattresses, platform beds, newly painted rooms, and the parking lot paved and seal coated. As of June, the 12-month average RevPAR in the Janesville/Racine Hotel Submarket increased by 10.5 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market. This well-positioned, pet-friendly hotel near Racine Zoological Gardens offers investors a strategic opportunity to acquire a hospitality asset in the growing Racine, Wisconsin market. Conveniently located off Interstate 94, the property provides exceptional regional connectivity between Milwaukee (approximately 22 miles north) and Chicago (roughly 60 miles south), drawing both leisure and business travelers seeking quality accommodations with easy access to southeastern Wisconsin’s economic and cultural hubs. Racine is part of the Milwaukee–Waukesha–West Allis Metropolitan Statistical Area (MSA), a dynamic region with a diverse economic base and a labor force of over one million. This figure reflects the broader MSA—not Racine County alone. The MSA benefits from steady population growth and ongoing investment in infrastructure and business development. Racine County itself has seen significant investment through the Racine County Economic Development Corporation (RCEDC), which actively promotes commercial and industrial growth. The Foxconn Technology Group’s $10 billion manufacturing campus near Mount Pleasant (approximately 5.7 miles away) has driven substantial infrastructure improvements, spurred job creation, and attracted ancillary businesses and suppliers to the area. The area is anchored by prominent employers such as SC Johnson (1.8 miles) (headquartered in Racine), InSinkErator (3.6 miles) (a division of Whirlpool Corporation), CNH America (1.4 miles), Modine Manufacturing (4.1 miles), and Amazon (5.8 miles). These companies generate consistent corporate travel demand for both short- and long-term stays. Additionally, Ascension All Saints Hospital (3.6 miles) in Racine, a leading regional healthcare provider, and the Aurora Health Care system (1.1 miles) contribute to sustained lodging needs from medical travelers, visiting professionals, and families. Racine is home to Gateway Technical College (5.3 miles), with multiple campuses in the region, and is within close driving distance to the University of Wisconsin–Parkside (7.4 miles) and Carthage College (9.0 miles), both of which drive visitation from students, faculty, families, and athletic programs throughout the year. The city also draws a healthy stream of leisure demand. Key attractions include the Racine Zoological Gardens (6.2 miles), Wind Point Lighthouse (10.1 miles), North Beach (5.8 miles) (one of the top freshwater beaches in the U.S.), and the Frank Lloyd Wright–designed SC Johnson campus. The hotel is well-positioned to capture demand from visitors attending events at the Racine Civic Centre (5.3 miles) and during seasonal festivals like Party on the Pavement and the Racine Art Museum’s special exhibitions.