Flat Creek Lodge 10290 WI-27 66 Room Hotel Hayward, WI 54843 For Sale
INVESTMENT HIGHLIGHTS
- 66-rooms, 2 stories, Full-Service Hotel with Banquet Space (Only Full-Service Hotel in Hayward)!
- Steady Performance with Room for Growth: Total Revenue Over $2M (Year End 2024), NOI $341,769 (Year End 2024), 40% Occupancy at $131 ADR; $52 RevPAR!
- Home to the annual American Birkebeiner Ski Race(North Americas Largest Cross-Country Ski Race – approximately 40K spectators gather annually)!
- Built in 1994 and Recently Renovated! $900K in renovations in the last 2 years ($1.3M total invested since 2018)!
- Development Site Opportunity available adjacent to Hotel (Excellent Opportunity for Townhome Development with City Water and Sewer!)!
- Conveniently located 1.5 Hours from Duluth, MN, 2.5 Hours from Minneapolis/St. Paul, MN, 4 Hours from Green Bay, WI, and 6 Hours from Chicago, IL!
EXECUTIVE SUMMARY
CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 66-room Flat Creek Inn & Suites located in Hayward, WI. The Hotel benefits from year-round demand generators such as several golf courses, lakes, beaches, and hundreds of miles of the finest snowmobile trails in the great state of Wisconsin. Additionally, travelers enjoying shopping for antiques, crafts and souvenirs or fishing, biking, hunting, cross-country skiing, hiking and boating.
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 8.30 AC |
| Building Size | 32,400 SF |
| No. Rooms | 66 |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2023 |
| Parking Ratio | 5.49/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 33 | $225.00 | - |
| Guest Room | 33 | $185.00 | - |
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PROPERTY TAXES
| Parcel Number | 236-941-27-3207 | Improvements Assessment | $2,325,500 |
| Land Assessment | $268,500 | Total Assessment | $2,594,000 |
