451 E Grand Ave | Wisconsin Rapids, WI 54494
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- LoopNet Team
451 E Grand Ave
Wisconsin Rapids, WI 54494
Hotel Mead Resort & Convention Center · Hospitality Property For Sale
·
139,000 SF
INVESTMENT HIGHLIGHTS
- 2 Room Towers/150 Guest Rooms; Built in 1978 and 1998, concrete & steel construction
- 51.64% Occ @ $90.25 ADR = $46.61 RevPAR (T12 October 2023)
- Independent Hotel unencumbered of franchise, buyer’s option to keep independent or add a franchise
- T12 September 2023 Room Revenue almost $2.4M; Total Revenue almost $2.9M.
- #1 Traveler Ranked Hotel on Trip Advisor in Wisconsin Rapids
- 12 Meeting Rooms with up to 17,000 SF of Meeting Space; Amenities include the onsite restaurant “The Whitney”, pool, hot tub, sauna, fitness room
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1951/2013 |
| Building Class | B | Parking Ratio | 0.57/1,000 SF |
| Lot Size | 5.46 AC | Corridor | Interior |
| Building Size | 139,000 SF | ||
| Zoning | B-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.46 AC |
| Building Size | 139,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1951/2013 |
| Parking Ratio | 0.57/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Hot Tub
PROPERTY TAXES
| Parcel Number | 3407778 | Improvements Assessment | $2,830,700 |
| Land Assessment | $654,400 | Total Assessment | $3,485,100 |
PROPERTY TAXES
Parcel Number
3407778
Land Assessment
$654,400
Improvements Assessment
$2,830,700
Total Assessment
$3,485,100
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