5105 S Howell Ave - Hospitality FOR SALE


Milwaukee, WI 53207- Holler Park
$8,500,000 USD
248-914-2183
5105 S Howell Ave, Milwaukee, WI for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/19
null | 7.16% Cap Rate

5105 S Howell Ave
Milwaukee, WI 53207
Holler Park


HIGHLIGHTS

  • Three-Story, 139-Room, Best Western Plus-Affiliated Hotel
  • Located off US 38 - Adjacent to Milwaukee International Airport
  • Notable Demand Generators Historic Third Ward, Milwaukee County Zoo, Henry W. Maier Festival Park, Renaissance Book Shop and House of Harley Davidson
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

OVERVIEW

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Best Western Plus Milwaukee Airport Hotel & Conference Center ('Hotel' or 'Property') located in Milwaukee, Wisconsin. The Best Western Plus-affiliated Hotel is being offered at $8,550,000 or $61,510 per key. The Best Western Plus Milwaukee Airport Hotel & Conference Center is a 139-room, three-story Hotel located at 5105 S. Howell Avenue, Milwaukee, Wisconsin. The Property is situated off Highway 38 directly across from Milwaukee Mitchell International Airport. Various common area amenities at the Property include an indoor heated pool and hot tub, fitness center, business center, 13,000 square feet of convention space, on-site guest laundry, solarium, and breakfast area. Milwaukee, Wisconsin, embodies a dynamic fusion of cultural richness, industrial heritage, and vibrant urban life, conveniently accessible via Milwaukee Mitchell International Airport. Renowned for its storied brewing tradition and vibrant arts scene, the city pulsates with a creative energy that infuses its neighborhoods. Yet, beyond its cultural allure, Milwaukee captivates with its stunning natural landscapes, from the tranquil shores of Lake Michigan to the lush greenery of its urban parks. Outdoor enthusiasts embrace the myriad opportunities for biking along the Oak Leaf Trail, sailing on the city's rivers, or exploring the scenic beauty of nearby Kettle Moraine State Forest. Meanwhile, Milwaukee's thriving community spirit shines through its diverse festivals, bustling farmers' markets, and eclectic culinary scene, showcasing everything from hearty Midwestern fare to innovative farm-to-table cuisine. In essence, Milwaukee offers a dynamic tapestry of experiences, blending industrial heritage with contemporary flair, ensuring a vibrant and welcoming atmosphere for all who are drawn to its charms. Strategically positioned amidst a diverse range of enticing destinations, the hotel serves as a central point for travelers seeking both convenience and exploration. Just a short distance away lies Milwaukee Mitchell International Airport, offering seamless access to global connections. Sports enthusiasts can make their way to the American Family Field for an exhilarating game day experience. History enthusiasts will find delight in exploring the Historic Third Ward, a cultural gem nearby. Families can embark on an exciting adventure at the Milwaukee County Zoo, while music aficionados can enjoy the vibrant atmosphere at Henry W. Maier Festival Park. Literary aficionados will be enchanted by the literary treasures awaiting discovery at the Renaissance Book Shop, and motorcycle enthusiasts can rev up their engines and visit the iconic House of Harley Davidson. With such a diverse range of attractions within reach, the hotel's strategic location ensures that every traveler's desires are easily fulfilled. BROKER OF RECORD Todd Lindblom Wisconsin P: (262) 364-1964 Lic #: 56163-90

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$67 USD /SF

# OF ROOMS

139

PRICE/ROOM

$61,151 {currency}

CAP RATE

7.16%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Plus Milwaukee Airport Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1977

PARKING SPACES

296

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,751 SF

ZONING

LB1

APN/PARCEL ID

641-0033-100

ASK ABOUT THIS PROPERTY

Michael KlarMarcus & MillichapMore Info
248-914-2183

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Michael KlarMarcus & MillichapMore Info
248-914-2183

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.