668 W Kemp St Rhinelander, WI 54501

This exceptional investment opportunity presents the Quality Inn in Rhinelander, Wisconsin, a thriving city approximately 190 miles from Madison and 60 miles from Eagle River. Boasting 100 guest rooms, including three suites, this is the largest full-service hotel north of Wausau. The property features 50 double beds and 47 king beds, with the second floor recently and completely remodeled, including new furniture. The first ten rooms on the main floor are nearing completion of their remodel. Strategically located off Highways 8 and 47, the hotel enjoys convenient access to Rhinelander-Oneida County Airport, Nicolet Area Technical College, and the Rhinelander Ice Arena, attracting both business and leisure travelers. The expansive conference room, full-service bar (with liquor license and upgraded food license), and on-site amenities such as a pool table, pull-tab machines, smart dart boards, and an indoor cornhole area cater to a variety of events and guests. The hotel's strong performance is reflected in its 2023 gross sales of $1,728,765 and room revenue of $1,644,980. The property's proximity to numerous attractions, including the Rhinelander Logging Museum Complex, Mole Lake Casino, and the Camp Five Museum (home of the Lumberjack Steam Train), further enhances its appeal. The hotel's event spaces are booked into 2026, showcasing its consistent demand. This property is offered at $6,100,000, representing a compelling $61,000 per key and a 3.53x multiple of 2023 gross sales. The hotel's location near lakes and rivers, coupled with Rhinelander's vibrant arts community and the annual Hodag County Festival, ensures a steady stream of visitors throughout the year. The building is a two-story, interior corridor structure with concrete construction.