for immediate relea se                            Hotel Source Sells Microtel Inn & Suites - Green Bay, WI53 West Jackson ...
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Hotel Source Sells Microtel Inn & Suites - Green Bay, WI

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Hotel Source, Inc. completed the sale of the 68-room
Microtel Inn & Suites - Green Bay, WI. This limited-service hotel was purchased by Batra Hospitality Group, Inc. and was previously owned by MI of Green Bay, LLC
www.hotelsource.com

Published in: Real Estate, Travel, Business
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Hotel Source Sells Microtel Inn & Suites - Green Bay, WI

  1. 1. for immediate relea se Hotel Source Sells Microtel Inn & Suites - Green Bay, WI53 West Jackson Boulevard CHICAGO - September 8, 2011 — Hotel Source, Inc. completed the sale of the 68-roomSuite 1032 Microtel Inn & Suites - Green Bay, WI. This limited-service hotel was purchased by BatraChicago, Illinois 60604p 312 362 0624 Hospitality Group, Inc. and was previously owned by MI of Green Bay, LLCf 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 3.7% capitalization rate and was achieving approximately 43% occupancy at the time of sale. Built in 1999, the property will receive minor upgrades from the new owners. The 3-story hotel is situated in a highly visible location near Lambeau Field, the home to the NFL’s Green Bay Packers, and contains an indoor pool with water features. 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 or visit www.hotelsource.com.

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