Site near Shops of Grand Avenue sold for hotel development

Choice Hotels International buys parking lot northwest of Plankinton and Clybourn for Cambria

Last updated on May 15th, 2019 at 05:04 pm

A hotel development on the block northwest of Plankinton Avenue and Clybourn Street in downtown Milwaukee appears to be moving forward after a subsidiary of Choice Hotels International purchased the site, a parking lot at 503-521 N. Plankinton Ave., for $3 million, according to state records.

BizTimes reported in October that Chicago Developer, Clark Street Real Estate had acquired the three-acre site adjacent to The Shops of Grand Avenue in 2008 and was working with Choice Hotels to develop a 110-150 room hotel.

The property was sold to the Choice Hotels affiliate by PSE Plankinton LLC, an affiliate of Clark Street Real Estate. It has an assessed value of about $1.4 million, according to city records.

Choice is planning to build a Cambria Hotels & Suites brand on the property, according to a company spokesman. He would not say when construction would begin.

“Choice Hotel’s land acquisition team is pursuing sites in top markets across the United States, including Milwaukee,” Scott Carman, Choice spokesman said.

Choice Hotels owns several mid-scale hotel brands including Comfort Inn, Comfort Suites, Sleep Inn, Quality Inn and Clarion. Cambria Hotels & Suites is the company’s high-end brand, Carman said.

The hotel would be the latest in a string of new hotels that have opened, are under construction or are planned in the downtown Milwaukee area in the last three years as hotel room occupancy rates remain high downtown.

The 158-room Kimpton Hotel at the northeast corner of Broadway and Chicago Street in the Third Ward and the 155-suite SpringHill Suites at the corner of 4th and Wells streets, are both scheduled to open this year. Construction of a 200-room Westin Hotel is also likely to break ground this year.






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