Crowne Plaza hotel in Wauwatosa sold

Atlanta company buys property for $24.5 million

The Crowne Plaza hotel in Wauwatosa. Image by Google.

Last updated on May 15th, 2019 at 04:51 pm

An affiliate of Atlanta-based Peachtree Hotel Group purchased the Crowne Plaza Milwaukee West hotel in Wauwatosa from an affiliate of Rosemont, Illinois-based First Hospitality Group for $24.5 million, according to state records.

The 198-room hotel, located at 10499 Innovation Dr., opened in 2008. The eight-story building sits on a 7.5-acre site. The property has an assessed value of about $16.2 million, according to county records.

The hotel has more than 6,000 square feet of meeting space. Its event and meeting rooms can accommodate gatherings of up to 500 people. The hotel also has an indoor pool, a fitness center and the Innovation Restaurant.

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Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

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