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Hotel-Motel

Holiday Inn

4601 Calumet Ave, Manitowoc, WI 54220

Listing Price: $8,500,000

Cap Rate
14.04%
Number of Rooms
204
RevPAR
$50
Gross SF
453,895
Price/Room
$41,667
Price/Gross SF
$18.73
Year Built
1987

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 204 room Holiday Inn located in Manitowoc, WI. The Holiday Inn is a 1987-built, 3-story property located off Interstate 43, providing ease of access for commerce and tourism. Holiday Inn provides the opportunity for a new owner to acquire a 200+ room hotel built less than 35 years ago with potential to realize significant RevPAR growth through a completion of the PIP and utilization of the IHG name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is located just off of Interstate 43.
  • +/- 22,000 square feet of meeting and convention space.
  • Diverse set of demand generators and historically consistent ancillary income from meeting and convention space.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $8,500,000

Cap Rate
14.04%
Number of Rooms
204
RevPAR
$50
Gross SF
453,895
Price/Room
$41,667
Price/Gross SF
$18.73
Year Built
1987

Investment Highlights

  • Property is located just off of Interstate 43.
  • +/- 22,000 square feet of meeting and convention space.
  • Diverse set of demand generators and historically consistent ancillary income from meeting and convention space.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 204 room Holiday Inn located in Manitowoc, WI. The Holiday Inn is a 1987-built, 3-story property located off Interstate 43, providing ease of access for commerce and tourism. Holiday Inn provides the opportunity for a new owner to acquire a 200+ room hotel built less than 35 years ago with potential to realize significant RevPAR growth through a completion of the PIP and utilization of the IHG name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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