Boca Raton, Fla.-based Waramaug LS Hotels LLC, a private investment group, announced today that it has acquired the 120-room Comfort Suites Park Place hotel located at 10831 W. Park Place on the far northwest side of Milwaukee.
No sales price was disclosed.
The four-story, 86,592-square-foot hotel was built in 2007 and has an assessed value of $6.55 million, according to city records. The hotel has two meeting rooms able to accommodate up to 100 people.
The hotel was previously owned by Eau Claire-based Hallie Rapids Ltd., according to city records.
“The hotel has strong investment potential, located in a market ripe with demand generators,” said Craig Nussbaum, Waramaug LS Hotels’ vice president. “We continue to pursue high quality assets under strong brands in vibrant markets such as Milwaukee.”
