Marcus & Millichap closed the sale of an 80-room hotel in Delavan, Wisconsin. The asset sold for $6.125 million.
Allan Miller, Chris Gomes, Ebrahim Valliani and Michael Klar, investment specialists in Marcus & Millichap’s Austin, Chicago Oak Brook and Dallas offices, exclusively marketed the property on behalf of the seller, a private investor.
The buyer, a limited liability company, was also secured and represented by Valliani, Klar, Gomes and Miller. Todd Lindblom assisted on the transaction as the broker of record in Wisconsin.
Located at 313 Bauer Parkway, the three-story, fully renovated hotel benefits from its location near the resort town of Lake Geneva, Wisconsin.