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Off Market
1/24

400 S Koeller St
Oshkosh, WI 54902


HIGHLIGHTS

  • Fully-Renovated, Priced Below Replacement Cost at $79,938 per Key
  • Four-Story, Midscale All-Suite Hotel with 80-Rooms and Two Elevators
  • Built in 2008 and Recently Renovated in 2019
  • 26 Percent Increase in Room Revenues Over the Trailing 12-Month Period Ending March 2021
  • Ideal Asset for Hands-On Owner-Operator Looking to Maximize Operational Ef?ciency
  • Three Miles from Wittman Regional Airport and Close to the University of Wisconsin-Oshkosh and Fox Valley Technical College

OVERVIEW

Property Overview: The Comfort Suites Oshkosh is a Choice Hotels International-branded hotel that was built in 2008. The 80-room asset features sofa sleepers, ?at-screen televisions, refrigerators, ergonomic chairs, work desks, and microwaves. Select suites feature a fully-equipped kitchenette and jacuzzi hot tubs. The common hotel amenities include a meeting space, game room, exercise room, indoor pool, kiddie pool, guest laundry, and convenience store. Location Overview: Oshkosh, Wisconsin is positioned in the center part of the state and near Lake Winnebago. The hotel is near several room demand generators at 400 South Koeller Street, which include diverse industries, as well as, educational institutions. The University of Wisconsin-Oshkosh (2.1 miles) and Fox Valley Technical (1.7 miles) colleges both attract steady room demand and have a student enrollment of over 9,500. They host a multitude of scholastic and collegiate sporting events throughout the year. Leisure travelers visit the EAA AirVenture Museum (2.8 miles) that has a collection of over 200 historic planes and multiple featured events including their annual convention, and the Grand Oshkosh (2.7 miles) opera house which has 25 public performances and approximately 10 youth events comprised during the ?ne arts season. There is also a popular venue, the Ford Park Live, which is a 200-acre event hosting site known for Country USA and Rock USA festivals, and the promoters plan to create a healthy lineup that will generate additional room demand to the region. Along with the park, the Menominee Nation Arena (2.7 miles) is also a well-known concert venue and hosts events year-round, and the Green Bay Packers professional football games also bring additional foot traf?c to the region. Lake Winnebago is also a local attraction and is 138,000 acres that offer an abundance of outdoor activities. This is Wisconsin’s largest inland lake, and visitors have access to public boat landings, a beach and “best in the country” ?shing. The Downtown Business Improvement District is also welcoming new businesses and building a new building to add to the cityscape along Marion Road and Jackson Street less than three miles from the hotel. Located three miles from the subject property, is the Wittman Regional Airport. Broker of Record Todd Lindblom License: WI 56163-90

FOR SALE DETAILS

PRICE

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# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Comfort Suites Oshkosh

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

62525

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

67

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

SMU

APN/PARCEL ID

06-11630101