Hotel Source, Inc. completed the sale of the 90-room
Best Western Grand Seasons – Waupaca, WI. This select-service hotel was purchased by Batra Hospitality Group, Inc. and was previously owned by Grand Seasons, Inc.
Seth Glickman and Steve Marx of Hotel Source, Inc. handled the sale. www.hotelsource.com
1. for immediate relea se
Hotel Source Sells Best Western Grand Seasons
53 West Jackson Boulevard CHICAGO - April 5, 2011 — Hotel Source, Inc. completed the sale of the 90-room
Suite 1032
Best Western Grand Seasons – Waupaca, WI. This select-service hotel was purchased by
Chicago, Illinois 60604
p 312 362 0624
Batra Hospitality Group, Inc. and was previously owned by Grand Seasons, Inc.
f 312 362 0628 Seth Glickman and Steve Marx of Hotel Source, Inc. handled the sale.
info@hotelsource.com
www.hotelsource.com
The hotel was sold at a 4.1% capitalization rate and was achieving approximately 55%
occupancy at the time of sale. Originally built in 1988 with a 30-room addition in 1993, the
property will receive minor upgrades from the new owners. The 3-story brick hotel is
situated in a highly visible location along US Highway 10, and contains approximately 10,000
sq. ft. of meeting space, a large leased fitness facilty, lounge and indoor waterpark.
Hotel Source, Inc. is a hotel real estate brokerage and advisory services firm that leverages
its transactional expertise and experience as a hotel owner and receiver to create responsive
solutions to the challenges of buying, owning and selling hotels.
For further information, contact Seth Glickman or Steve Marx at 312 362 0624.