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Chicago & Midwest  + Midwest  + Hospitality  |  July 2, 2024
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Closes Sale of Pine Grove Resort in Wisconsin

Marcus & Millichap has closed the sale of Pine Grove Resort, a 45-room hotel property located on the shores of Eagle Harbor in Ephraim, Wisconsin.

“This was truly a unique opportunity to acquire a hospitality asset in the extremely desirable and seldom available Door County area,” said Jon Ruzicka, first vice president investments. Ruzicka, Joseph Ferguson, Jared Plaman and Jake Erickson, 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, Broker of Record in Wisconsin, assisted in the transaction.

Located at 10080 North Water Street in Ephraim, the resort is situated on two acres, boasting 200 feet of shoreline and a 40-foot pier with a private beach. Built in 1978, the non-franchised hotel features amenities such as an indoor pool and whirlpool, a fitness center, fire pits, and outdoor green space.

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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.
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