MainStay Suites hotel in Oak Creek sold for $2.45 million

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Raghav Real Estate Holding LLC recently purchased the 76-room MainStay Suites hotel at 1001 W. College Ave. in Oak Creek for $2.45 million, according to state records.

The hotel was sold by John and Dionysia Demopoulos of Muskego.

The three-story hotel was built in 2000 on a a 4-acre site not far from Mitchell International Airport in Milwaukee.

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Port Washington-based John Kesselman Real Estate and Ann Arbor, Mich.-based Alpine Realty Capital brokered the deal for both the buyer and seller.

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