Quality Inn | 40 Keys | Midwest Location

Property Highlights:

• Two-Story, 40-Room Choice Hotels International-Branded Quality Inn Hotel
• Previous EconoLodge, Completed Renovation and Rebrand to Quality Inn in 2022
• Highly Visible and Easily Accessible from Wisconsin Highway 21 – Bannerman Road
• Common Area Amenities: Indoor Pool, Whirlpool/Hot Tub, Business Center and Breakfast Area
• Less than a Two-Hour Drive from Milwaukee, Madison, and Green Bay
• Room Revenue Upside Potential

Offering Summary:

Marcus & Millichap's Hospitality Division is pleased to present for sale the Quality Inn (‘Hotel’ or ‘Property’) located in Redgranite, Wisconsin.

The Quality Inn is a 40-room, two-story Hotel located at 717 Bannerman Avenue in Redgranite, Wisconsin. The Property is highly visible with direct access off Wisconsin Highway 21 - Bannerman Road. Various common area amenities at the Property include an indoor pool, indoor whirlpool/hot tub, meeting room, breakfast area andvending machines. Formerly an EconoLodge, the property underwent a thorough renovation and rebranding to become Quality Inn in 2022.

In central Wisconsin lies Redgranite, a village celebrated for its tranquil ambiance and breathtaking natural scenery. The majestic Redgranite Quarry, renowned for its crystal-clear waters and striking red granite formations, draws visitors to immerse themselves in its beauty. Annual events like the Redgranite Labor Day Festival showcase the village's strong sense of community spirit, with festivities like parades and live music bringing locals and visitors together. Surrounding Redgranite, picturesque woodlands and waterways offer outdoor adventures, from scenic hiking trails to pristine fishing spots, within Wisconsin's Central Sands landscape. Economically, Redgranite thrives on small businesses, agriculture, and modest manufacturing, supported by its close-knit community. With its serene ambiance, vibrant community life, and natural splendor, Redgranite stands as a beacon of small-town charm. It invites travelers to experience the essence of rural America and find solace in its peaceful embrace. Whether seeking a break from city life or a taste of authentic community living, Redgranite offers an idyllic retreat in the heart of the Midwest.

Nestled within reach of an eclectic mix of attractions, the hotel stands as a prime hub for exploration in Redgranite. Nearby, visitors can immerse themselves in the serene ambiance of Willow Creek Park or embrace the rugged allure of Redgranite Quarry for an adventure-filled day.

The Hotel's current RevPAR index of 86 percent indicates untapped potential. With strategic revenue management and marketing, a new owner could raise the index to 112-123 percent, driving room revenues to approximately $560-690 thousand dollars. This improvement would enhance ROI and increase asset value, offering substantial upside for investors.