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Microtel Inn & Suites – Green Bay, Wisconsin


Hotel for Sale: Microtel Inn & Suites
Market: Green Bay, Wisconsin




Microtel Inn & Suites was built in 1999 in Green Bay, Wisconsin. The hotel benefits
from its close proximity to Lambeau Field, home of the NFL’s Green Bay Packers.

Challenge
Microtel Inn & Suites contains 68 rooms, including 23 suites, and an indoor
swimming pool with water features. Based on the low Net Operating Income,
acquiring debt financing was a major challenge for many purchasers.

Hotel Sales/Marketing Process
Through an aggressive sales and marketing process, prospective buyers seeking
limited-service properties in the Midwest were targeted and offers were received
from 12 purchaser groups.

Results
The buyer who eventually closed on the purchase of the property was a regional
owner-operator who was able to creatively finance the transaction through
assumption of the seller’s exiting debt.

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Green Bay Hotel for Sale

  • 1. Microtel Inn & Suites – Green Bay, Wisconsin Hotel for Sale: Microtel Inn & Suites Market: Green Bay, Wisconsin Microtel Inn & Suites was built in 1999 in Green Bay, Wisconsin. The hotel benefits from its close proximity to Lambeau Field, home of the NFL’s Green Bay Packers. Challenge Microtel Inn & Suites contains 68 rooms, including 23 suites, and an indoor swimming pool with water features. Based on the low Net Operating Income, acquiring debt financing was a major challenge for many purchasers. Hotel Sales/Marketing Process Through an aggressive sales and marketing process, prospective buyers seeking limited-service properties in the Midwest were targeted and offers were received from 12 purchaser groups. Results The buyer who eventually closed on the purchase of the property was a regional owner-operator who was able to creatively finance the transaction through assumption of the seller’s exiting debt.