Featured Case Study
The Country Springs Hotel is a single asset Wisconsin limited liability company. The property was purchased in April 2004, obtained construction financing and completed the addition of the first suburban indoor water resort in February 2005. The 45,000 square foot water resort has met with outstanding reviews; similar to the observations that have been made on the existing hotel throughout the years.
The reason for the acquisition and addition of the water resort was to take a well established property and help increase occupancy and ADR which had been lacking in the past. Over the past 10 years, the hotel has undergone eight expansions. Private meeting space, elegant ballrooms, sleeping room additions, board rooms, whirlpool suites, outdoor public facilities, outdoor recreational facilities, the Executive Business Center, offices and the fitness center have all been created or redesigned to meet our guest’s ever changing needs.
Due to the unique setting of this property, diverse facilities and professional and innovative staff, the hotel is able to service the needs of a wide variety of guests and a larger target market. To this end, the hotel provides overnight accommodations for both the business traveler and the transient visitor that requires a night of fun and relaxation.
Property Review – Country Springs Hotel – Waukesha, WI
| Address: |
2810 Golf Road
Waukesha, WI |
| Location; |
Situated along north frontage road of Interstate Highway 94 between County Highways T & G
|
| Proximity: |
20 minutes West of Downtown Milwaukee
50 minutes East of Madison
90 minutes North of Chicago |
| Management: |
Current management by CIP Management |
| Age: |
Built in 1972 with additions in 1985, 1987, 1989, 1995, and 1996 |
| Number of Guest Rooms: |
187 |
| Size: |
Subject Hotel – 189,930 Sq. Ft.
Outbuildings – 8,919 Sq. Ft.
Water Resort – 45,000 Sq. Ft. |
| Land Area: |
41.18 acres |
| Ownership Interest: |
Fee simple |
| Parking Spaces: |
Approximately 1,000 surface spaces |
| Meeting Spaces: |
40, 000 Sq. Ft |
| Food & Beverage : |
Wildflowers Restaurant
Coppers Pub & Grill
Square Meal Snack Bar
Wet Your Whistle Saloon |
| Other Facilities: |
Indoor swimming pool, whirlpool, fitness center, continental breakfast, laundry facilities, wooded jogging trail, business center, arcade, gift shop |