Challenge of finding a buyer looking to run a select-service operation with many moving parts www.hotelsource.com

1. Best Western Grand Seasons – Waupaca, WI
A National Search for a Select-Service Operator
Hotel for Sale: Best Western Grand Seasons
Market: 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.
Challenge
Best 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.
Results
The purchaser of the property was an Arkansas-based entrepreneur with
experience operating full-service hotels and was looking to expand into the
Wisconsin market.