Brookfield TownePlace Suites hotel sold for $9.6 million

An affiliate of New York-based Garrison Investment Group LP, a middle market credit and asset based investor, recently purchased the 112-room TownPlace Suites hotel in Brookfield for $9.6 million, according to state records.

The property has an assessed value of $7.7 million, according to Waukesha County records.

The hotel, located at 600 N. Calhoun Road, just north of Bluemound Road, was sold by an affiliate of Minneapolis-based commercial real estate firm CSM Corp.

TownePlace Suites is an extended-stay hotel brand of Marriott. The suites at the hotel include fully-equipped kitchens.

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