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3009 Lakeshore Dr E
Ashland, WI 54806

Price Upon Request

Hotel For Sale  •  76,846 SF

Property Details

  • Property Type Hotel
  • Total Building Size 76,846 SF
  • Lot Size 5.91 AC
  • Building Class C
  • Year Built 1995
  • Zoning G-2
20 Walk Score

Highlights

94 rooms, 2 stories, built in 1995 – waterfront location on Chequamegon Bay/Lake Superior!
Outstanding 2026 June Trailing 12 Month Performance! Over $2.7M in Room Revenue and Almost $1.2M in NOI; 55.7% Occupancy @ $145 ADR ($80 RevPAR)
Wyndham has already issued the PIP - Current ownership is budgeting approx. $1.3M for the PIP or approx. 14K per room - 15 Year-Term is expected
Excellent in place performance as an unrenovated property with opportunity to increase ADR once Property Improvement Plan is complete
Less than 1.5 hours from Duluth/Superior, less than 3 hours from Eau Claire & Wausau, less than 3.5 hours from Minneapolis-St. Paul
Approx. 75 miles or 1.5 hours from Duluth International Airport (DLH)

Amenities

  • Business Center
  • Fitness Center
  • On-Site Bar
  • Indoor Pool
  • Beach (direct access)
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 179
Type: Surface
Included in Rent: Yes
Scott Miller 815-543-9448 CBRE, Inc.
Scott Miller 815-543-9448 CBRE, Inc.