APPLETON, Wis., Feb. 23, 2026 – 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 an 80-room Four Points by Sheraton hotel property in Appleton, Wisconsin.
“The buyer is acquiring a fully renovated Marriott-branded asset with the opportunity to enhance performance in a stable and diversified demand market,” said Jon Ruzicka, senior managing director investments. “Strong interest in this offering reflects continued investor confidence in well-located, brand-affiliated hotel properties throughout the Midwest.”
Raj H. Patel of Marcus & Millichap’s Milwaukee office, along with Ruzicka, Joseph Ferguson and Reed Gizinski of the firm’s Minneapolis office, exclusively represented the seller and procured the buyer. The assignment was originated by Patel, who served as lead advisor. He worked with ownership to position the asset for market, coordinate tours, oversee due diligence and collaborate with the team to generate competitive interest and successfully close the transaction.
The Four Points by Sheraton Appleton is located at 300 N. Mall Drive on 1.73 acres in Wisconsin’s Fox Valley. Built in 1997 and renovated in 2021, the upper-midscale hotel is positioned near Appleton International Airport, Fox River Mall, Lawrence University and several major employers.
