Marcus & Millichap has announced the sale of Best Western Plus Eau Claire, an 85-room hospitality property located in Eau Claire, Wisconsin, according to Jon Ruzicka, Regional Manager of the firm’s Minneapolis office.
Jake Erickson and Jared Plamann, investment specialists in Marcus & Millichap’s Minneapolis office and members within the firm’s exclusive National Hospitality Group, had the exclusive listing to market the property on behalf of the seller. The buyer was procured by Erickson and Plamann as well. Regional Manager of the firm’s Milwaukee office, Todd Lindblom, assisted in closing this transaction. This transaction marks the industry leading 14th Upper-Midwest hotel transaction Erickson, Plamann, and the rest of the hospitality team out of the firm’s Minneapolis office have closed since 2017.
Best Western Plus Eau Claire is located at 3340 Mondovi Rd in Eau Claire, WI. The property is a three-story, interior corridor hotel equipped with a heated indoor pool, on-site pub, and banquet space that can hold up to 300 people. The property’s most recent renovation and property improvement plan (PIP) was completed in November of 2018. Built in 1988, this hotel sits on 7.66 acres conveniently located off of highways 94 and 37.