KAS Hospitality LLC Acquires Hotel From Cascade Hospitality LLC For $4.1M In Portage WI

The asset involved in this transaction is an 83-room hotel located at 5780 Kinney Road in Portage, WI. The sale price for the property was $4,100,000. It encompasses a total area of 78,939 square feet and features amenities such as a fitness center, pool, and business center.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,100,000
• Buyer: KAS Hospitality LLC
• Seller: Cascade Hospitality LLC
• Market: Portage, WI
• Keys: 83
• PPK: $49,398
• Brokers: Jake Erickson & Jared Plamann - Marcus & Millichap

Marcus & Millichap facilitated the transaction, representing both parties. The buyer, KAS Hospitality LLC, has plans for substantial upgrades to the property following the purchase.