FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION …€¦ · FOUR SEASONS ISLAND RESORT: A...
Transcript of FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION …€¦ · FOUR SEASONS ISLAND RESORT: A...
FOUR SEASONS ISLAND RESORT:A TRADEMARK COLLECTION BYWYNDHAM PROPERTYN16800 SHORELINE DRIVEPEMBINE, WI 54156
Frank Jermusek, JDPresident / Managing [email protected]
Cameron Peterson, CCIMSenior Advisor / [email protected]
Edward RuppSenior [email protected]
Emilia [email protected]
SVN | NORTHCO REAL ESTATE SERVICES | 1600 UTICA AVENUE SOUTH, 9TH FLOOR, MINNEAPOLIS, MN 55416 SALE BROCHURE
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
PROPERTY OVERVIEW
SVN | Northco is pleased to present the sale of the Four Seasons Island Resort, which is part of the Trademark Collection byWyndham ("Property"). The Property, originally opened in 1905 by the Wisconsin and Michigan Railroad, features a 55all-suite hotel and resort that is located on the majestic Miscauno Island tucked into the northwoods of Wisconsin. Themagnificent historical facade continues to impress guests as they first peer up at the grand entry when traveling across theoriginal one lane, one hundred year old, steel constructed bridge. Guests enjoy modern amenities while the resort’s originalarchitecture, charm and relaxing ambiance have been tastefully preserved.
PROPERTY HIGHLIGHTS
• Historic, full-service resort which features a 55 all-suite hotel, five dining options, a 9-hole resort-style golf course,wedding / conference facilities, and much more
• A member of the Trademark Collection by Wyndham, which is the fastest growing soft brand and is aimed at hotels andresorts with unique character that aim to be "iconic"
• Magnificent property that is situated on 69.9 acres on Miscauno Island on the Menominee River, bordering WI and MI.Areas exist for future development
• Over $2.5M in improvements since 2018, replacement value of more than $30M
• 2021 full year open after renovations - projected EBITDA of $681,745 (11.37% cap rate)
OFFERING SUMMARY
Sale Price: $5,995,000
Gross Building Area(Approx.): 94,337 SF
Property Size: 69.9 Acres
Year Built: 1905
Renovated: 2019
Property Website: northco.com
Property Summary
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• The current owners have competed over $2.5M in improvements since 2018. The
replacement value of this asset is more than $30M.
• 2021 full year open after renovations - projected EBITDA of $681,745 (11.37% cap
rate)
• 55 all-suite hotel was built onto the historic main building in 2005 and is now a
member of the Trademark Collection by Wyndham which is the fastest growing
soft brand and is aimed at hotels and resorts with unique character that aim to
be "iconic"
• Magnificent property tucked into the north woods situated on 69.9 acres on
Miscauno Island on the Menominee River that borders both WI and MI
• Dining and drink options include the elegant Diamond Room, Plaza Room,
Lounge Bar, Boundary Waters Bar & Grill and Lillie's Ice Cream Parlor. New
outdoor deck connected to the Boundary Waters
• Multiple banquet and conference rooms; an ideal location for once-in-a-lifetime
weddings and corporate retreats. Seating from 50-400
• Resort amenities include a 9-hole resort-style golf course, indoor saltwater
pool/hot tub/sauna, salon and spa, fitness room, arcade, gift shop & mart,
business center, coin-operated washers & dryers, pontoon boat rentals, cross
country ski/snow shoe rentals and tennis, basketball and volleyball courts, and
more
Sale Highlights
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Resort Map
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Property Map
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
MISCUANO ISLAND LOCATED IN MARINETTE COUNTY, WI
Tucked into the north woods of Pembine, Wisconsin, the Four Seasons Island Resort is located on Miscauno Island in the Menominee River - which divides Wisconsin and theUpper Peninsula of Michigan. Historically, the area along the Menominee River served as a major lumber industry. The nearby towns of Iron Mountain, MI and Crivitz, WI havethe businesses to support year-round tourism including sport shops, gift and craft shops, gas stations, grocery stores and restaurants. Pembine, WI is located 85 miles northof Green Bay, 200 miles north of Milwaukee, 290 miles north of Chicago and 300 miles east of the St. Paul/Minneapolis Metro.
Located on the shores of the Green Bay, an arm of Lake Michigan, Marinette County is the waterfall capitol of WIsconsin. Fourteen waterfalls offer short to long hikes andstunning natural landscapes for everyone to enjoy. Inland waters include acres of lakes and miles of rivers and streams for canoe, kayak and fishing enthusiasts. Numerousstate and county parks provide serene surroundings and endless trails for ATVing, snowmobiling, hiking, biking and cross country skiing. Hunters and wildlife enthusiasts willalso find more than 230,000 acres of county forest land to explore. Whether it's camping with the family or recreational sports with friends, Marinette county is a trueoutdoor paradise in the north woods!
Location Overview
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Regional Map
FOUR SEASONS ISLAND RESORT: A TRADEMARK COLLECTION BY WYNDHAM PROPERTY | N16800 SHORELINE DRIVE PEMBINE, WI 54156 SVN | Northco Real Estate Services | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 50 MILES 150 MILES 300 MILES
Total population 155,890 2,430,913 26,802,212
Median age 44.8 39.7 37.2
Median age (Male) 44.3 38.9 36.2
Median age (Female) 45.0 40.7 38.1
HOUSEHOLDS & INCOME 50 MILES 150 MILES 300 MILES
Total households 68,913 974,356 9,996,885
# of persons per HH 2.3 2.5 2.7
Average HH income $52,321 $61,869 $67,540
Average house value $132,164 $181,258 $261,986
* Demographic data derived from 2010 US Census
Demographics Report