Hotels for Sale

Courtyard Milwaukee North/Brown Deer

Address:
Brown Deer, Wisconsin
Description:
  • Fee simple interest in the 122-room Courtyard Milwaukee North/Brown Deer, WI offered at an attractive discount to replacement cost
  • Available unencumbered of debt and management with ability to retain the Courtyard by Marriott flag via a long-term relicense agreement
  • Opportunity to improve RevPar penetration index and NOI margin via a more focused revenue and expense management strategy
  • Moderate change of ownership PIP anticipated with approximately $1.825MM ($15k/key) of capital improvements completed since 2015
  • Easily accessible to all north side Milwaukee corporate and leisure drivers including the nearby Johnson Controls business center, FIS, Direct Supply and Rite-Hite corporate headquarters, Uihlein Soccer Park, and the Walter Schroeder Aquatic Center
  • Conveniently located less than 10 miles north of downtown Milwaukee near the intersection of I-43 and W Brown Deer Road, an exit passed by upwards of 95,000 vehicles daily
  • Ideal time to purchase in conjunction with the several major developments occurring in the broader Milwaukee MSA including the $10 billion Foxconn manufacturing plant, the new $524 million Milwaukee Bucks arena and 30-acre entertainment center, the $450 million Northwestern Mutual tower, and the $137 million BMO Harris Financial Center tower

Listing Agents 

Adam Montufar
T: 515.446.4181
Email

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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