Hotel Source Sells Best Western Grand Seasons

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Hotel Source, Inc. completed the sale of the 90-room …

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

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  • 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
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  • 1. for immediate relea se Hotel Source Sells Best Western Grand Seasons53 West Jackson Boulevard CHICAGO - April 5, 2011 — Hotel Source, Inc. completed the sale of the 90-roomSuite 1032 Best Western Grand Seasons – Waupaca, WI. This select-service hotel was purchased byChicago, Illinois 60604p 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.comwww.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.