3591 STH 23 Dodgeville WI 53533

++ UNDER CONTRACT ++

CBRE is pleased to exclusively present for sale The House on the Rock Inn in Dodgeville, Wisconsin. This is an excellent opportunity to acquire a premium non-branded hotel with indoor waterpark and additional land for development.

In 2022 a guest room remodel program was started. Furniture, drapes and linens have been removed and stored properly by item type. The carpet and trim were removed and disposed of. The walls have been repainted with one wall in each guest room having a smooth finish for accent wallpaper. The hard work has been done and it's in the perfect state for an operator to step in and install their brands finishes and carpet standards.

The hotel is a great choice for families looking to explore the area attractions like the eclectic House on the Rock, Frank Lloyd Wright’s Taliesin, the natural wonders of Cave of the Mounds, skiing at Tyrol Basin or some Shakespeare at American Players Theater.

ROOMS The House on the Rock Inn features 112 rooms and two hospitality suites.

FOOD & BEVERAGE In addition to the onsite lobby bar and grill, there is a large gift shop adjacent to the front desk, which is perfect for sundries and an assortment of beverages and grab-n-go food

MEETING FACILITIES The hotel has banquet space which is perfect for group travel small meetings and local events. There is an adjacent banquet food prep area which is set up as a catering/coffee break kitchen but has the ability for additional kitchen prep items. Given the hotel’s location across from Land End corporate headquarters, there is an opportunity to bolster revenue by securing local corporate accounts.

AMENITIES Guest facilities include complimentary breakfast room, high-speed internet, indoor and outdoor pools, hot tub, fitness center, guest laundry, gift shop and a large parking lot which was sealcoating in 2022.

** UNDER CONTRACT*

FOR MORE INFORMATION GO TO: WWW.THEHOUSEONTHEROCKINN-CBRE.COM

UNENCUMBERED, NON-UNION ASSET. The hotel is being offered unencumbered by management with non-union operations.

OFFERED BELOW REPLACEMENT COST. The all-in price per key for a new owner is well below replacement costs for similar type assets.

RECENT CAPITAL IMPROVEMENTS. In recent years ownership has made several large investments such as: four, 100-gallon water heaters, new guest bed mattresses and refrigerators. Consistent capital expenditures have kept the hotel in good operating condition.

VALUE-ADD INVESTMENT. Only half of the 17 acres has been built on, leaving a large portion available for further development.

With no management contract in place and a partial PIP completed, the new owner has the freedom of affiliating with a hotel chain and completing the process.