Home Industries Jomela Properties affiliate buys the Suites at Northshore hotel

Jomela Properties affiliate buys the Suites at Northshore hotel

96-room hotel sold for $3 million

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An affiliate of Milwaukee-based Jomela Properties purchased the 96-room Suites at Northshore hotel in Glendale for about $3 million, according to state records.

The hotel was sold in an online auction at auction.com from Sept. 28 to 30.

Located at 7275 N. Port Washington Road, the hotel consists of 15 buildings on 2.3 acres. It was built in 1988.

“We bought it as an investment opportunity,” said Scott Lurie, principal of Jomela Properties. “We are exploring different options for the site.”

The hotel was sold by BRE Imagination Hotel Owner LLC, which purchased the property in July for $2.6 million, according to state records.

The hotel was formerly operated under the Residence Inn by Marriott flag.

Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
An affiliate of Milwaukee-based Jomela Properties purchased the 96-room Suites at Northshore hotel in Glendale for about $3 million, according to state records. The hotel was sold in an online auction at auction.com from Sept. 28 to 30. Located at 7275 N. Port Washington Road, the hotel consists of 15 buildings on 2.3 acres. It was built in 1988. "We bought it as an investment opportunity," said Scott Lurie, principal of Jomela Properties. "We are exploring different options for the site." The hotel was sold by BRE Imagination Hotel Owner LLC, which purchased the property in July for $2.6 million, according to state records. The hotel was formerly operated under the Residence Inn by Marriott flag.

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