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Hotel Source sells Days Inn in Eagle River

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Hotel Source recently sold a Days Inn in Eagle River, Wisconsin

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Hotel Source sells Days Inn in Eagle River

  1. 1. for immediate relea se Hotel Source Sells Days Inn - Eagle River, Wisconsin53 West Jackson Boulevard CHICAGO - June 22, 2011 — Hotel Source, Inc. completed the sale of the 92-roomSuite 1032 Days Inn - Eagle River, WI. This limited-service hotel was purchased by a private operatorChicago, Illinois 60604p 312 362 0624 from the original owner and developer. Seth Glickman and Steve Marx of Hotel Source, Inc.f 312 362 0628 handled the sale.info@hotelsource.comwww.hotelsource.com The hotel was sold at a 2.6 Room Revenue Multiplier and was achieving approximately 31% occupancy and $74.29 ADR at the time of sale. Originally built in 1989, a 31-room addition was added in 1995. This 5-Sunburst and Chairman’s Award winning property is easily accessed by US Highway 45, and contains an indoor swimming pool, hot tub and sauna. 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.

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