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Flat Creek Lodge | Hayward WI

Hospitality | 66 Keys

Listing Contacts

Active

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

Address 

10290 WI-27, Hayward, WI 54843

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Date Added
Mar 18, 2025
Days on Market
37 days
Time Since Last Update
37 days

Details

Property TypeHospitality
SubtypeHotel
Keys66
Year Built1994
Year Renovated2023
Stories2

Marketing Description

CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 66-room Flat Creek Inn & Suites located in Hayward, WI.​ The Hotel benefits from year-round demand generators such as several golf courses, lakes, beaches, and hundreds of miles of the finest snowmobile trails in the great state of Wisconsin.​ Additionally, travelers enjoying shopping for antiques, crafts and souvenirs or fishing, biking, hunting, cross-country skiing, hiking and boating.​

Investment Highlights

  • 66-rooms, 2 stories, Full-Service Hotel with Banquet Space (Only Full-Service Hotel in Hayward)

  • Built in 1994 and Recently Renovated! $900K in renovations in the last 2 years ($1.3M total invested since 2018)

  • Steady Performance with Room for Growth! • Total Revenue Over $2M (Year End 2024)

    • NOI $341,769 (Year End 2024)

    • 40% Occupancy at $131 ADR; $52 RevPAR

    • 4.5+/- Acre Development Site available adjacent to Hotel (Excellent Opportunity for Townhome Development with City Water and Sewer!)

  • Hayward is home to the annual American Birkebeiner Ski Race (North Americas Largest Cross-Country Ski Race – approximately 40,000 spectators gather in Hayward annually)

  • Conveniently located 1.5 Hours from Duluth, MN, 2.5 Hours from Minneapolis/St. Paul, MN, 4 Hours from Green Bay, WI, and 6 Hours from Chicago, IL

  • The property is located in a Certified Economic Opportunity Zone

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Due Diligence

Due diligence information will be provided.
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Contact

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