Residence Inn by Marriott hotel downtown sold for $23.9 million

Minneapolis-based CSM Corp. recently purchased the 131-suite Residence Inn by Marriott hotel at 648 N. Plankinton Ave. in downtown Milwaukee for $23.86 million, according to state records. The hotel was sold by New York-based Investcorp International Inc.

“It is a great hotel, in a great location with great people associated with it,” said CSM spokeswoman Kate Burda.

CSM also recently purchased the 112-suite TownePlace Suites hotel, also an extended stay Marriott brand, at 600 N. Calhoun Road in Brookfield for $9.62 million.

CSM also owns the 281-room Marriott Milwaukee West hotel at W231 N1600 Corporate Court in Pewaukee and the Country Inn & Suites hotel at 1250 S. Moorland Road in Brookfield.

CSM plans to make some improvements to the lobby and breakfast area at the downtown Residence Inn by Marriott hotel, Burda said.

“It will be a refresh that our guests will enjoy,” she said.

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