Clarion Pointe Rhinelander Downtown — Sale in Rhinelander, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Rhinelander, WI 54501
  • Year built: 1962

Photos

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Investment Figures

Cap rate
11.23%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Clarion Pointe Rhinelander Downtown ('Hotel' or 'Property') located at 70 N Stevens Street in Rhinelander, Wisconsin. The upper midscale, select service hospitality property is being offered at $5,995,000 or $70,529 per key. The Hotel is positioned along U.S. Highway 8, an important east-west travel corridor, and appeals directly to investors in search of consistent cash flow from an established lodging operation within the well-traveled Northwoods region of Wisconsin. The four-story Property is comprised of 85 rooms and is positioned on a 1.46-acre parcel. Originally constructed in 1962, the Hotel features an efficient operating layout supported by 90 parking spots. The Hotel features amenities designed to appeal to business and group travelers, including a business center, indoor pool, hot tub, fitness center, truck parking, free Wi-Fi, complimentary breakfast, event space, laundry facilities, and a game room. The Property is strategically positioned within the transportation, industrial, and recreational hub of the Northwoods region. As a result, the Property benefits from proximity to numerous major demand generators paired with strong regional access via U.S. Highway 8, State Route 47, and State Route 17. The city’s economy is primarily anchored by the tourism, healthcare, manufacturing, and education sectors, and these same economic pillars support sustained, year-round demand for lodging. Boom Lake, Lake Thompson, the Wisconsin River, and other outdoor destinations like Historical Pioneer Park are major draws for fishing, boating, canoeing, kayaking, biking, hiking, hunting, golfing, skiing, and bird watching enthusiasts. Demand for lodging in Rhinelander is also driven by the city’s major healthcare providers. The 99-bed regional medical provider Aspirus Rhinelander Hospital is the chief driver of healthcare-related overnight stays in t

Market Context

This hospitality in Rhinelander, WI is listed for sale. It is offered at an approximate 11.2% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1962. Compare it against other hospitality listings for sale in Rhinelander, WI — view the full market.

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