Marcus & Millichap: Arranges sale of 80-room hospitality property

GREEN BAY, WIFebruary 9, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Wingate Green Bay/Airport, an 80-room hospitality property located in Green Bay, WI, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office.

Jon Ruzicka, Jared Plamann, Jake M. Erickson and Joseph Ferguson, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller.  The buyer was procured by Ruzicka/Plamann/Erickson/Ferguson as well. Todd Lindblom, Regional Manager and Broker of Record, assisted in closing this transaction.

Wingate Green Bay/Airport is located at 2065 Airport Dr in Green Bay, WI. Per Ruzicka, “This was a legacy property whose ownership group can now focus all of their operational efforts on their remaining hospitality property. The new owners are planning a full renovation which will bring about exciting updates to the property.” This sale marks the 63rd hotel transaction for the team of Ruzicka/Erickson/Plamann/Ferguson out of Marcus & Millichap’s Minneapolis office.