668 W Kemp St - Hospitality FOR SALE


Rhinelander, WI 54501
$5,200,000 USD
805-557-8857
668 W Kemp St, Rhinelander, WI for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

668 W Kemp St
Rhinelander, WI 54501


HIGHLIGHTS

  • 100 guestrooms – largest full service hotel north of Wausau, WI
  • 2 stories, interior corridor, concrete construction
  • Full bar with liquor license and upgraded food license
  • Expanded events and meeting spaces to accommodate 300 people with events booking into 2026
  • Offered at $52,000/key
  • 2024 room revenue: $1,188,855

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Quality Inn – Rhinelander, WI. The Quality Inn is located off Highways 8 and 47 and is the largest full-service hotel in the area. The property has 100 units, including 3 suites, 50 double beds, and 47 king beds. The second floor has been completely remodeled with new paid-in-full furniture awaiting delivery while the first 10 rooms of the primary floor are in the last stages of remodel. Located only miles from Rhinelander-Oneida County Airport, Nicolet Area Technical College, and Rhinelander Ice Arena, making the property convenient for business and leisure travelers. The property caters to hosting a variety of events with its expansive conference room, full-service bar and food service, and leisure activities such as a pool table, pull tab machines, smart dart boards, and indoor corn hole area.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

100

PRICE/ROOM

$52,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Rhinelander

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

140

LAND DETAILS

LAND ACRES

6.54 AC

LAND SF

284,882 SF

ZONING

B-2

APN/PARCEL ID

27601-9001-1302

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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