Log In/Sign Up
Your email has been sent.
The Inn On Maritime Bay, Ascend Hotel 101 Maritime Dr 109 Room Hotel Manitowoc, WI 54220 For Sale
INVESTMENT HIGHLIGHTS
- Situated directly on Lake Michigan with panoramic views and walkable access to downtown Manitowoc’s shops, dining, and cultural attractions.
- Positioned on a well-traveled corridor with easy access to downtown Manitowoc.
- Proximity to major corporate employers, healthcare facilities, educational institutions, and leisure attractions
- Offered at a significant discount to replacement cost, unencumbered by debt or management, and delivering a current NOI of $600K+
EXECUTIVE SUMMARY
Opportunity
Leasehold interest in the third-party managed, 109-room Inn on Maritime Bay in Manitowoc, WI
Offered at a significant discount to replacement cost
Available unencumbered of debt and management
Flexible Choice soft-brand affiliation with minimal mandated requirements and the ability to personalize amenities and operations
Current NOI of $600K+ provides walk-in, double-digit cash-on-cash returns for new ownership
Opportunity to enhance performance through hands-on ownership and targeted repositioning within the competitive set
Location
Waterfront location directly on Lake Michigan with panoramic views and walkable access to downtown Manitowoc’s shops, restaurants, and cultural attractions
Proximate to major corporate demand from Manitowoc’s established manufacturing and shipping base, including The Manitowoc Company, Lakeside Foods, and Allstate Rigging
Accessible to leisure demand including the Wisconsin Maritime Museum, Capitol Civic Centre, Lincoln Park Zoo, and seasonal traffic generated by the SS Badger Lake Michigan Carferry, which carries up to 600 passengers and 150 vehicles per crossing between Manitowoc and Ludington, MI
Situated near Aurora Medical Center and Holy Family Memorial, two leading hospitals that together operate more than 120 beds
Supported by educational demand from Lakeshore Technical College and the University of Wisconsin – Green Bay Manitowoc Campus, with Lakeshore Technical College serving more than 8,000 students annually
Convenient regional connectivity via Interstate 43, approximately 40 minutes to Green Bay, 90 minutes to Milwaukee, and 2.5 hours to Chicago
Leasehold interest in the third-party managed, 109-room Inn on Maritime Bay in Manitowoc, WI
Offered at a significant discount to replacement cost
Available unencumbered of debt and management
Flexible Choice soft-brand affiliation with minimal mandated requirements and the ability to personalize amenities and operations
Current NOI of $600K+ provides walk-in, double-digit cash-on-cash returns for new ownership
Opportunity to enhance performance through hands-on ownership and targeted repositioning within the competitive set
Location
Waterfront location directly on Lake Michigan with panoramic views and walkable access to downtown Manitowoc’s shops, restaurants, and cultural attractions
Proximate to major corporate demand from Manitowoc’s established manufacturing and shipping base, including The Manitowoc Company, Lakeside Foods, and Allstate Rigging
Accessible to leisure demand including the Wisconsin Maritime Museum, Capitol Civic Centre, Lincoln Park Zoo, and seasonal traffic generated by the SS Badger Lake Michigan Carferry, which carries up to 600 passengers and 150 vehicles per crossing between Manitowoc and Ludington, MI
Situated near Aurora Medical Center and Holy Family Memorial, two leading hospitals that together operate more than 120 beds
Supported by educational demand from Lakeshore Technical College and the University of Wisconsin – Green Bay Manitowoc Campus, with Lakeshore Technical College serving more than 8,000 students annually
Convenient regional connectivity via Interstate 43, approximately 40 minutes to Green Bay, 90 minutes to Milwaukee, and 2.5 hours to Chicago
PROPERTY FACTS
| Sale Type | Investment | Building Size | 91,506 SF |
| Sale Condition | Business Value Included | No. Rooms | 109 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2005 |
| Building Class | B | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 5.09 AC | Corridor | Interior |
| Zoning | B-3 | ||
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.09 AC |
| Building Size | 91,506 SF |
| No. Rooms | 109 |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2005 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
| Zoning | B-3 |
AMENITIES
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 101 MARITIME DR , MANITOWOC, WI 54220
Located along the scenic Lake Michigan shoreline, 101 Maritime Drive offers a prime waterfront setting in Manitowoc, WI. This property combines excellent visibility with convenient access to major routes, making it ideal for commercial or mixed-use development. Its proximity to downtown amenities and the harbor creates a unique opportunity for businesses seeking a vibrant and picturesque location.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 7 | $267.20 CAD | - |
| Guest Room | 102 | $159.77 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 052-000-179-010.00 | Improvements Assessment | $2,746,494 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,746,494 CAD |
PROPERTY TAXES
Parcel Number
052-000-179-010.00
Land Assessment
$0 CAD
Improvements Assessment
$2,746,494 CAD
Total Assessment
$2,746,494 CAD
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Inn On Maritime Bay, Ascend Hotel | 101 Maritime Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.