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Hotel-Motel

Best Western Tomah

1017 E McCoy Blvd, Tomah, WI 54660

Listing Price: $5,200,000

Cap Rate
14.80%
Number of Rooms
100
Price/Room
$52,000
Year Built
1973

Investment Overview

Marcus and Millichap is proud to be the exclusive representative for the sale of the Best Western in Tomah, WI. The property is an interior corridor, 100-room, consistent performing hotel in a high traffic location off of I-94 and Highway 21. This is 3 miles from the I-90, I-94 interchange. The property benefits from ample demand generators including sitting between two military bases Fort McCoy, and Volk Field. Other strong demand generators include Walmart Distribution, VA Hospital, Americold Logistics, Toro, and Ocean Spray. Located near many outdoor attractions the hotel sits 5 miles from Lake Tomah, 2 miles from Hiawatha Golf Course, and walking distance of 280 miles of connected Snowmobile Trails. This offers year round attractions to aid in typical slower months of hotel operations. The hotel also benefits from banquets with ample meeting space, as well as a fully leased out Bar and Perkins on site. It is the only Full-Service branded hotel in the Tomah market. A new owner will be able to capitalize on the Perkins Restaurant lease without the extra management of a Food and Beverage operation. Perkins tenant is a multi-tenant operator with numerous years remaining on lease and rent bump options. Extensively renovated in 2016 through 2020, the property has been through a major overhaul of full Fitness Center remodel, new roof on entire building, new carpeting throughout, complete exterior paint updated, drywall, texture, and painting of all 100 rooms, and recently upgraded hotel with Fiber internet and cable TV. This high ADR property offers an ability for a new owner to enter into a stable, hotel investment in a consistent performing, well traveled market.

Investment Highlights

  • Consistent Strong Performing, Extensively Renovated, Stable Revenue Hotel
  • High Traffic Location Just off Hwy 94 and Hwy 21
  • Owner Operator Upside Potential with Upper-Midscale Quality

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $5,200,000

Cap Rate
14.80%
Number of Rooms
100
Price/Room
$52,000
Year Built
1973

Investment Highlights

  • Consistent Strong Performing, Extensively Renovated, Stable Revenue Hotel
  • High Traffic Location Just off Hwy 94 and Hwy 21
  • Owner Operator Upside Potential with Upper-Midscale Quality

Investment Overview

Marcus and Millichap is proud to be the exclusive representative for the sale of the Best Western in Tomah, WI. The property is an interior corridor, 100-room, consistent performing hotel in a high traffic location off of I-94 and Highway 21. This is 3 miles from the I-90, I-94 interchange. The property benefits from ample demand generators including sitting between two military bases Fort McCoy, and Volk Field. Other strong demand generators include Walmart Distribution, VA Hospital, Americold Logistics, Toro, and Ocean Spray. Located near many outdoor attractions the hotel sits 5 miles from Lake Tomah, 2 miles from Hiawatha Golf Course, and walking distance of 280 miles of connected Snowmobile Trails. This offers year round attractions to aid in typical slower months of hotel operations. The hotel also benefits from banquets with ample meeting space, as well as a fully leased out Bar and Perkins on site. It is the only Full-Service branded hotel in the Tomah market. A new owner will be able to capitalize on the Perkins Restaurant lease without the extra management of a Food and Beverage operation. Perkins tenant is a multi-tenant operator with numerous years remaining on lease and rent bump options. Extensively renovated in 2016 through 2020, the property has been through a major overhaul of full Fitness Center remodel, new roof on entire building, new carpeting throughout, complete exterior paint updated, drywall, texture, and painting of all 100 rooms, and recently upgraded hotel with Fiber internet and cable TV. This high ADR property offers an ability for a new owner to enter into a stable, hotel investment in a consistent performing, well traveled market.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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