Home Industries Hospitality & Tourism SpringHill Suites hotel in Wauwatosa sold for $17 million

SpringHill Suites hotel in Wauwatosa sold for $17 million

By
Hunter Turpin
-
SpringHill Suites in Wauwatosa
Image from Marriott

Local hotel investor Kevin Patel has acquired the SpringHill Suites hotel in Wauwatosa for $17.1 million, according to state property records. Patel, who owns and operates multiple hotel properties across southeast Wisconsin and northern Illinois, purchased the 119-room hotel from an affiliate of Milwaukee-based HKS Holdings. HKS developed the property in 2019. The hotel is

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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Local hotel investor Kevin Patel has acquired the SpringHill Suites hotel in Wauwatosa for $17.1 million, according to state property records.

Patel, who owns and operates multiple hotel properties across southeast Wisconsin and northern Illinois, purchased the 119-room hotel from an affiliate of Milwaukee-based HKS Holdings. HKS developed the property in 2019.

The hotel is located at 10411 Watertown Plank Road within the Milwaukee County Research Park. The sale price equates to roughly $143,700 per room.

According to Milwaukee County records, the property has an assessed value of $11.3 million and a fair market value of $16.5 million.

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