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Challenge of finding a buyer looking to run a select-service operation with many moving parts www.hotelsource.com
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Best Western Grand Seasons – Waupaca, WI
A National Search for a Select-Service Operator
Hotel for Sale: Best Western Grand SeasonsMarket: Waupaca, Wisconsin
The select-service Best Western was originally built in 1988 with a 30-room addition in 1993. The 90-room, 3-story brick hotel is situated in a highly visible location along US Highway 10 in Central Wisconsin.
ChallengeBest Western Grand Seasons hotel presented the challenge of finding a buyer looking to run a select-service operation with many moving parts. The property contains approximately 10,000 sq. ft. of meeting space, a large leased fitness facility, lounge, and an indoor waterpark.
Hotel Sales/Marketing Process Through an aggressive national sales and marketing process, prospective buyers were identified who owned similar properties or sought opportunistic acquisition opportunities.
ResultsThe purchaser of the property was an Arkansas-based entrepreneur with experience operating full-service hotels and was looking to expand into the Wisconsin market.