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Chicago & Midwest  + Midwest  + Hospitality  | 

42-Room AmericInn Hotel in Wisconsin Trades Hands

Marcus & Millichap has completed the sale of a 42-room AmericInn hotel property in Rice Lake, Wisconsin.

“This transaction stood out due to the buyer’s close proximity to the property, which enables a more hands-on ownership style,” said Jon Ruzicka, first vice president investments. “That level of involvement is expected to strengthen daily operations and deepen guest relationships. With modest updates planned, the hotel will continue to offer the clean, comfortable experience travelers value. The Rice Lake hospitality market remains strong, with steady tourism and ongoing demand for well-run, midscale accommodations.”

Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Todd Lindblom is the firm’s broker of record in Wisconsin.

The two-story AmericInn is located on 1.26 acres at 2906 Pioneer Ave., just off Highway 53. The property features a heated indoor pool, complimentary breakfast and business center. Built in 1994, the hotel benefits from steady demand from business and leisure travelers due to its location near Rice Lake Weighing Systems, Marshfield Clinic, the Red Cedar River and Turtleback Golf Course.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.