
Hilton Garden Inn Wisconsin Dells
Asset Class:
Hotel
Acquisition Date:
September 2011
Location:
Wisconsin Dells, WI
Asset Type:
Value Add
IRR:
44%
Multiple:
3.8x
Summary:
LLJ acquired the distressed Hilton Garden Inn hotel in 2011. After the implementation of our business plan, which included a $1.3 million renovation of the hotel, new professional management, and repositioning of the hotel, we decided the time was right for a sale.