Seth Glickman and Steve Marx of Hotel Source, Inc. completed the sale of the 92-room Days Inn in Eagle River, Wisconsin. The hotel was sold to a private operator at a price that valued the property at 2.6 times its average annual room revenue. Originally built in 1989 with a 31-room addition in 1995, the hotel was achieving 31% occupancy and $74.29 average daily rate at the time of sale.

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Hotel Source Sells Days Inn - Eagle River, Wisconsin
53 West Jackson Boulevard CHICAGO - June 22, 2011 — Hotel Source, Inc. completed the sale of the 92-room
Suite 1032
Days Inn - Eagle River, WI. This limited-service hotel was purchased by a private operator
Chicago, Illinois 60604
p 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.com
www.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.