Hotels for Sale

AmericInn Appleton West, WI

Address:
Appleton, Wisconsin
Description:
  • Fee simple interest in the 63-room former Fairfield Appleton offered at a fraction of replacement cost
  • Property offered for individual sale through Ten-X as part of a larger portfolio sale on October 24th
  • Significant operational upside following lengthy foreclosure process in 2017 with very limited capital investment in property improvements and very limited operational oversight in many years
  • Available unencumbered of debt and third-party management with rebranding completed by AmericInn by Wyndham in late July 2018
  • Seller has pre-negotiated franchise terms with Wyndham including the buyer option for reduced royalty fees or key money payment
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Moderate AmericInn by Wyndham change of ownership PIP expected upon transfer of franchise and sale of asset
  • Situated adjacent to the intersection of Interstate-41 and College Avenue with upwards of 100,000 cars passing the location daily
  • Walking distance to the 1.21MM square foot Fox River Mall, the single largest retail center in the state of Wisconsin with approximately 16 million visitors annually
  • Proximate to all broader Appleton regional demand including the 43MM Appleton Performing Arts Center, the new $32MM Fox Cities Convention Center, Appleton International Airport, and Lambeau Field in nearby Green Bay

Listing Agents

Mike Schlictman
T | 803.920.4173
Email

Bennett Webster
T: 312.339.3698
Email

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