Hotel-Motel

Super 8 Milwaukee Airport

5253 S Howell Ave, Milwaukee, WI 53207

Listing Price: $5,495,000

Cap Rate
8.16%
Number of Rooms
116
RevPAR
$29
Gross SF
44,820
Price/Room
$47,371
RRM
4.48
Price/Gross SF
$122.60
Year Built
1986

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Super 8 Milwaukee Airport. The Wyndham-branded hotel is priced at $5,495,000 or $47,371 per room. An opportunistic property, constructed in 1986, is located along South Howell Avenue, less than one mile from General Mitchell International Airport.

This three-story, 116-room hotel presents a new owner the opportunity to acquire a value-add asset within the Milwaukee MSA. This well-maintained hospitality asset is being sold at a price below replacement cost. An investor, looking to act as an owner-operator, can continue to maximize profits through a reduction in management costs for the property. The hotel is equipped with a business center and guest laundry facility.

Furthermore, the hotel is perfectly positioned in an Opportunity Zone and can provide upside to a potential owner in a 1031 exchange. Opportunity Zones are a new community development program established by Congress to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to reinvest their unrealized capital gains into Opportunity Funds that are dedicated to investing in Opportunity Zones, designated by the chief executives of every U.S. state and territory.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • 116-Room, Interior Corridor, Economy Hotel Built in 1986
  • Less than One Miles from General Mitchell International Airport
  • Priced Significantly Below Replacement Cost at $47,371 Per Key
  • Located in an Opportunity Zone Within the Milwaukee MSA
  • Well Positioned with Excellent Visibility from Highway 38

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Hotel-Motel

Super 8 Milwaukee Airport

Listing Price: $5,495,000

Cap Rate
8.16%
Number of Rooms
116
RevPAR
$29
Gross SF
44,820
Price/Room
$47,371
RRM
4.48
Price/Gross SF
$122.60
Year Built
1986

Investment Highlights

  • 116-Room, Interior Corridor, Economy Hotel Built in 1986
  • Less than One Miles from General Mitchell International Airport
  • Priced Significantly Below Replacement Cost at $47,371 Per Key
  • Located in an Opportunity Zone Within the Milwaukee MSA
  • Well Positioned with Excellent Visibility from Highway 38

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Super 8 Milwaukee Airport. The Wyndham-branded hotel is priced at $5,495,000 or $47,371 per room. An opportunistic property, constructed in 1986, is located along South Howell Avenue, less than one mile from General Mitchell International Airport.

This three-story, 116-room hotel presents a new owner the opportunity to acquire a value-add asset within the Milwaukee MSA. This well-maintained hospitality asset is being sold at a price below replacement cost. An investor, looking to act as an owner-operator, can continue to maximize profits through a reduction in management costs for the property. The hotel is equipped with a business center and guest laundry facility.

Furthermore, the hotel is perfectly positioned in an Opportunity Zone and can provide upside to a potential owner in a 1031 exchange. Opportunity Zones are a new community development program established by Congress to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to reinvest their unrealized capital gains into Opportunity Funds that are dedicated to investing in Opportunity Zones, designated by the chief executives of every U.S. state and territory.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract and debt.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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