Home Industries Hospitality & Tourism Hotel on Milwaukee’s far northwest side sold for nearly $9 million

Hotel on Milwaukee’s far northwest side sold for nearly $9 million

By
Hunter Turpin
-
WoodSpring Milwaukee
WoodSpring Suites in Milwaukee. Image from WoodSpring Suites

A hotel on the edge of Milwaukee’s city limits was sold for $8.8 million to an Georgia investment firm, according to state property records. The WoodSpring Suites Milwaukee-Menomonee Falls hotel, located at 12355 W. Park Place on the city’s far northwest side, was built in 2023 by Kansas-based New Era Development Group. The WoodSpring brand

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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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A hotel on the edge of Milwaukee's city limits was sold for $8.8 million to an Georgia investment firm, according to state property records. The WoodSpring Suites Milwaukee-Menomonee Falls hotel, located at 12355 W. Park Place on the city's far northwest side, was built in 2023 by Kansas-based New Era Development Group. The WoodSpring brand is positioned as an economy extended-stay offering. An affiliate of New Era sold the 122-room hotel to an affiliate of Noble Investment Group, which has $6 billion in assets, according to its website. The property has an assessed value of $8 million, according to city records.

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