Milmark Hotel/Motel Investments, LLC a member of Hotel Brokers International, is pleased to announce the successful sale of the Hotel Mead in Wisconsin Rapids, Wisconsin.
The Hotel Mead is a 150 key full-service independent hotel. Updated with extensive capital improvements, this interior corridor property is ranked as a “Best Seller” and one of the “Top Rated” Properties on TripAdvisor for this area. The property features a large atrium lobby, restaurant, tavern, market place, conference center, guest laundry, indoor pool, whirlpool, sauna, and fitness room. The guest room mix includes a selection of King Suites, Queen Suites, Whirlpool, King, Double Queen, and accessible rooms. Conveniently located in the center of Wisconsin, this property is a highly sought-after meeting and group destination. More information on the property is available at https://hotelmead.com.
SKD Hotel Mead, LLC sold the property after operating it for the past seven years. “The Hotel Mead has been a labor of love for us. We have enjoyed watching it transition over the years, and it is truly a property we take pride in. Our ownership group is so grateful to everyone for their patriotism over the years. We are excited to see what the new owners, and our great team of employees, have in store for the future!” said Brenda Schellin, Managing Member of SKD Hotel Mead, LLC.
Founders Collection 2, LLC based out of Marquette, Michigan purchased the property. “We are very excited to add The Hotel Mead to our portfolio of Founders Collection Hotels," said Charles Holsworth of Base Hospitality Group. He added, “We have enjoyed meeting community members and we are eager to be part of what's happening in Wisconsin Rapids." "This property has always been an integral part of downtown Wisconsin Rapids. As we become part of the story of The Mead and Wisconsin Rapids, we will honor the past while looking toward the future,” said Joshua Paquette, also of Base Hospitality Group.
Milmark, a licensed Wisconsin and Illinois brokerage, represented the Seller in the sale. Jennifer Church, President of Milmark, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale.
Jennifer Church, President of Milmark said, “It has been a joy to work on the sale of the Hotel Mead. Throughout the process, I have seen the devotion the owners have had for the property and their staff. It is a tremendous feeling to know that we have found buyers who are as committed to seeing the property flourish.”
About Milmark Hotel/Motel Investments, LLC
Milmark has specialized in the sale of lodging properties for almost seventy years. Jennifer Church also serves as the current president of HBI. She is the only woman in the organization’s 60-year history to serve two terms as president. Church is joined in the firm by Ronald McCord, the former president of Milmark and a two-term president of HBI. McCord also served as president of the Wisconsin Innkeepers Association (now the Wisconsin Hotel & Lodging Association). Milmark, while licensed in Wisconsin and Illinois, has sold many properties throughout the US with fellow HBI members. For more information about Milmark, or their current listings, visit www.milmark.com.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Jennifer Church, President
Milmark Hotel/Motel Investments, LLC
West Bend, Wisconsin
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
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