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.