Rodeway Inn & Suites Tomahawk — Sale in Tomahawk, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Tomahawk, WI 54487
  • Year built: 2003

Photos

Rodeway Inn & Suites Tomahawk — Sale in Tomahawk, WI, photo 1 of 4
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Investment Figures

Cap rate
13.87%

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 Rodeway Inn & Suites Tomahawk (‘Hotel’ or ‘Property’) located at 1738 Comfort Drive in Tomahawk, Wisconsin. The Choice Hotels International-branded, select-service Hotel is offered at $3,495,000 or $77,667 per key. Situated on approximately 3.47 acres, the Property features 45 guest rooms across two stories totaling approximately 49,195 square feet. Originally constructed in 2003, the Hotel offers a comprehensive amenity package designed to serve both transient and group travelers, including an indoor heated pool, fitness center, business center, conference and meeting facilities totaling approximately 3,116 square feet, guest laundry, complimentary hot breakfast, truck parking, EV charging stations, 159 parking spaces, and two on-site bars. The Property also includes a manager’s apartment and additional studio apartment, providing operational flexibility for ownership or onsite management. The Property benefits from exceptional accessibility at the intersection of U.S. Highway 51 and Interstate 39, one of the primary transportation corridors connecting central and northern Wisconsin. Nearby demand generators include Harley-Davidson’s Tomahawk Operations, Packaging Corporation of America, Samuel Pressure Vessel Group, and Aspirus Tomahawk Hospital, supporting a stable mix of manufacturing, healthcare, and industrial-related lodging demand. Leisure and tourism demand is driven by Tomahawk’s location on the shores of Lake Mohawksin and proximity to outdoor recreation destinations including SARA Park, Bearskin-Hiawatha State Trail, Kwahamot Water Ski Park, Bradley Park Recreation Area, Edgewater Country Club, and Inshalla Country Club. The Hotel also benefits from regional tourism traffic visiting Wisconsin’s Northwoods for fishing, boating, ATV riding, hunting, snowmobiling, and lake recreation. Additional accessibility is provided through nearby

Market Context

This hospitality in Tomahawk, WI is listed for sale. It is offered at an approximate 13.9% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2003. Compare it against other hospitality listings for sale in Tomahawk, WI — view the full market.

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