8729 US Highway 51 N
Minocqua, WI 54548
Quality Inn · Hospitality Property For Sale
·
22,704 SF
INVESTMENT HIGHLIGHTS
- ADR Growth 2017-2019
- Open concept guest room with kitchen could be used as a Manager's Apartment.
- Year-Round Demand Drivers
- Interior Corridor
- Near Restaurants, Recreational Activities, and Shopping
- Absentee Owner - Strong Upside Potential
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 22,704 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2011 |
| Parking Ratio | 2.64/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 - Business |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 8729 US HIGHWAY 51 N , MINOCQUA, WI 54548
Originally built as a Comfort Inn, this Quality Inn has a mix of guest room options including some whirlpool rooms. The property also offers an indoor pool and whirlpool. The owners have updated the property nicely during their ownership, and are current on all franchise PIP requirements. They anticipate a new owner would receive a minimal PIP from the franchise. The Quality Inn is located in a popular “Northwoods” tourist destination. Situated at the junction of Highway 51 and State Route 70, the hotel is minutes from many area attractions like: Hiawatha and Bearskin State trails, Minocqua Winter Park, Torpy Beach, Wildwood Wildlife Park, and snowmobile trails. ADR trending up nicely. Strong revenue and NOI. Absentee owner.
PROPERTY TAXES
| Parcel Number | MI 2170 41 | Improvements Assessment | $1,223,300 |
| Land Assessment | $303,200 | Total Assessment | $1,526,500 |
