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737 Avon Rd
Sparta, WI 54656
Country Inn & Suites by Radisson, Sparta, WI · Hospitality Property For Sale · 35,986 SF

INVESTMENT HIGHLIGHTS

  • 61 Unit, 2 Story, Interior Corridor Hotel. Indoor swimming pool ans spa.
  • Absentee owned and operated leaving upside for new investor.
  • Well located within the city of Sparta, conveniently located off the I-90.
  • Little to No PIP for new investor/owner.
  • Hotel only down 12.4% YTD amid the Covid-19 Pandemic.
  • Sparta WI, known as the Bicycling Capital of America!

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class B
Lot Size 2.44 AC
Building Size 35,986 SF
No. Stories 2
Year Built/Renovated 1973/2017
Parking Ratio 1.64/1,000 SF
Corridor Interior
Zoning C

AMENITIES

  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

ABOUT 737 AVON RD , SPARTA, WI 54656

NewGen Advisory is pleased to present for sale the interior corridor, 61 unit, two story, Country Inn & Suites by Radisson located in Sparta, Wisconsin, also know as the "Biking Capital of America." A new owner will be able to market this location being within a 5-minute drive of Deke Slayton Memorial Space and Bicycle Museum. The hotel is also 25.2 miles from the University of Wisconsin-La Crosse and 26.3 miles from the La-Cross Center. Renovated in recent years by the current owners, a new buyer can expect a minimal PIP from the franchise when taking possession of the property. This property also has some great amenities to attract guest such as an indoor swimming pool, a spa hot tub, and a fitness center. All rooms also provide the hotel guest with microwaves and flat-screen televisions. The hotel which is currently owned by and absentee, out of state operator leaves much upside for someone who would be able to take on a more hands on management approach. Currently being operated at low occupancy there is much that a new investor can do to drive more patrons to this attractive hotel. With property rate and expense management there is room for an owner to grow their revenues as well as decrease and optimize the property expenses. MOTIVATED SELLERS! ENCOURAGE ALL QUALIFIED OFFERS!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
281-02676-5000
Land Assessment
$227,800
Improvements Assessment
$2,240,400
Total Assessment
$2,468,200
  • Listing ID: 20292337

  • Date on Market: 7/15/2020

  • Last Updated:

  • Address: 737 Avon Rd, Sparta, WI 54656

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