Listing Agents
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in 2.85 acres under the newly renovated 388-key Hilton Appleton Paper Valley located at 333 W College Avenue in downtown Appleton, WI
- Ground lease executed July 2017 for 99-year term
- In-place yield with lessor entitled to payments that are subject to 3.0% annual rent escalations
- Zoned CBD; permitted uses include hotel, office, retail, light industrial, and various commercial uses
- Property recently converted to Hilton underwent an approximately $12MM ($31k per key) renovation
- Connected to the city owned convention center, Fox Cities Exhibition Center
- Convenient central location to all surrounding leisure demand including Fox Cities Performing Arts Center, City Park, The History Museum at the Castle, Trout Museum of Art, Building for Kids, Neuroscience Group Field at Fox Cities Stadium, Fox River Mall, and Vince Lombardi Steakhouse
- Readily accessible to all core regional corporate demand including Fox Valley Technical College, St. Elizabeth’s Hospital, Appleton International Airport, Interstate-41, and Lawrence University
- Ideal time to be investing in Appleton with 18 companies in the process of expanding in the region, creating almost 1,700 jobs with an expected annual impact of more than $103MM
- Hotel is within 30 miles of Lambeau Field in Green Bay and has historically been used for game day functions and stays