Comfort Suites Park Place hotel sold for $5.9 million

Boca Raton, Fla.-based Waramaug LS Hotels LLC, a private investment group, recently purchased the 120-room Comfort Suites Park Place hotel located at 10831 W. Park Place on the far northwest side of Milwaukee for $5.876 million, according to state records.

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 sold by Eau Claire-based Hallie Rapids Ltd.

“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.”

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