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21563185
21565448

840 Wisconsin Dells Pkwy S, Wisconsin Dells, WI 53965

JR
WI 76173-94, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
RP
WI WI 97347 - 94
Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Milwaukee
$7,995,000
489 days on market
Updated 90 days ago

Price Reduced Grand Marquis Waterpark Hotel & Suites

Details
Property Type Hospitality
Sub Type Hotel
Keys 93
Year Built 1994
Acreage 3.190

Grand Marquis Waterpark Hotel & Suites | Wisconsin Dells, WI | Independent | 93 Rooms

Marketing description

Located in the heart of Wisconsin Dells, the Grand Marquis Waterpark Hotel & Suites offers a premier family-friendly destination combining an expansive indoor and outdoor waterpark with comfortable accommodations. Built in 1994, the hotel features 93 suites and guest rooms, along with a variety of exciting water attractions, making it an ideal vacation destination for both local visitors and tourists. The hotel aims to be the top choice for family vacations, providing exceptional amenities, entertainment, and service. With its strategic location and unique offerings, it has the potential to become a leading property in the region.

Wisconsin Dells, known as the "Waterpark Capital of the World", attracts millions of tourists annually with growing demand for family-centered experiences. The Grand Marquis Waterpark Hotel & Suites is positioned to capitalize on this by providing an all-in-one vacation experience. It stands out due to its expansive waterpark, which includes 10 water slides both inside and around the building, along with spacious family-style suites, an indoor hot tub, sauna, and a heated outdoor pool. The property offers significant upside potential for year-round operation and further growth in group bookings and repeat business. With a high average daily rate (ADR) and an attractive sale price well below replacement cost, it offers a unique investment opportunity.

The hotel features multiple revenue streams, including room bookings, waterpark day passes, food and beverage sales, and event hosting. Its amenities include a versatile meeting/event space for corporate events, weddings, and other gatherings. The property also provides a rare opportunity to generate additional revenue through seasonal activities such as live music, special events, and promotions. There is also potential to enhance revenue by utilizing the mezzanine level to open a diner or restaurant, tapping into the demand for casual dining in the area. With its wide range of suite styles and family-focused offerings, the hotel appeals to the diverse Wisconsin Dells leisure market.

Currently operated by an owner-operator for 7-8 months per year, the hotel presents a significant opportunity for a hands-on owner or institutional operation to run it year round. Simple operational improvements, along with aggressive marketing, could significantly increase revenues and expand group business beyond the summer season. The property offers flexibility for creative uses, such as converting some units into extended-stay suites. Wisconsin Dells' year-round attractions, such as Mt. Olympus Indoor Waterpark and Cascade Mountain, further support the potential for consistent visitor traffic.

Investment highlights

  • Prime Location in Wisconsin Dells

  • Robust Market Demand

  • Proven Brand & Reputation

  • Growing Regional Tourism Trends

  • Strong Financial Performance & Revenue Potential

  • Experienced Management & Operations Team

  • Competitive Return on Investment (ROI)

  • Sustainable Growth & Expansion Opportunities

Listing Contacts

JR
WI 76173-94, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
RP
WI WI 97347 - 94
Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Milwaukee

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Additional Information

Name
Todd Lindblom
License
WI 56163
Title
Broker of Record
Name
Jon Ruzicka
License
76173-94
Brokerage
Marcus & Millichap
Title
Real Estate Salesperson
Brokerage Address
1601 Utica Ave. South
Name
Raj Patel
License
WI 97347 - 94
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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