3033 W College Ave - Hospitality FOR SALE


Appleton, WI 54914- Outer Appleton | 
$5,350,000 USD
920-858-0615
3033 W College Ave, Appleton, WI for Sale
$5,350,000 USD
Hospitality - FOR SALE
1/5
null | 8.55% Cap Rate

3033 W College Ave
Appleton, WI 54914
Outer Appleton


HIGHLIGHTS

  • Strategic Appleton Location & Regional Accessibility
  • Newly Converted and Renovated AmericInn Hotel
  • 100-Room Branded Hotel with Substantial Amenity Package
  • On-Site Restaurant & Bar Independently Owned and Operated
  • Diverse Fox Cities Demand Base

OVERVIEW

P&E Hotel Advisors is proud to be chosen as the exclusive advisor of the marketing effort of the AmericInn Appleton Downtown, an 100-key Midscale hotel located at 3033 W College Ave Appleton, Wisconsin. The property has recently converted to AmericInn by Wyndham after Clarion and went through a full, outright renovation completing ownership's PIP. It is well positioned to capture both local transient and leisure demand along with additional corporate room nights. There is ample room to grow week night occupancy and continues to ramp following the conversion. The property is connected to an independently owned and operated bar, restaurant, and billiards hall that hosts room night generating demand. This AmericInn offers a well renovated, ramping asset. It is a full-service amenity hotel without the overhead.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$79 USD /SF

# OF ROOMS

100

PRICE/ROOM

$53,500 {currency}

CAP RATE

8.55%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmericInn by Wyndham Appleton Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1971

PARKING SPACES

190

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

C-2

APN/PARCEL ID

10-1-1138-00,10-1-1138-01

ASK ABOUT THIS PROPERTY

Jared PlamannP&E Hotel AdvisorsMore Info
920-858-0615

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Jared PlamannP&E Hotel AdvisorsMore Info
920-858-0615

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.