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Best Western
Grand Seasons – Waupaca, WIThe select-service Best Western was originally built in 1988 with a 30-room
addition in 1993. The 90-room, 3-story brick hotel is situated in a highly visible location along US Highway
10 in Central Wisconsin.
Challenge
Best Western Grand Seasons hotel presented the challenge of finding a buyer
looking to run a select-service operation with many moving parts. The property
contains approximately 10,000 sq. ft. of meeting space, a large leased fitness
facility, lounge, and an indoor waterpark.
Hotel/Sales/Marketing Process
Through an aggressive national sales and marketing process, prospective buyers
were identified who owned similar properties or sought opportunistic acquisition
opportunities.
Results
The purchaser of the property was an Arkansas-based entrepreneur with experience
operating full-service hotels and was looking to expand into the Wisconsin market.
| |
Year 1 |
Year 2 |
Year 3 |
| A.D.R. |
$77.97 |
$79.32 |
$79.78 |
| Occupancy |
54.5% |
48.0% |
54.6% |
| RevPar |
$42.12 |
$38.09 |
$43.56 |
| Room Revenue |
$1,383,485 |
$1,251,181 |
$1,434,875 |
| Total Revenue |
$1,929,450 |
$1,761,127 |
$2,095,398 |
| NOI |
$111,559 |
-$25,653 |
$77,441 |
| Check in with Hotel Source, Inc., and let us show
you what we can do for you. Contact
Us for more information.
Email us at
, or give us a call at 312.362.0624. |
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