Marcus & Millichap recently announced the successful sale of Pine Grove Resort, a charming 45-room hotel nestled on the picturesque shores of Eagle Harbor in Ephraim, Wisconsin. The property was marketed by Jon Ruzicka, first vice president investments at Marcus & Millichap’s Minneapolis office along with Joseph Ferguson, Jared Plaman and Jake Erickson. Todd Lindblom also played a key role as Broker of Record in Wisconsin.
This rare opportunity to acquire a hospitality asset in the highly sought-after Door County area attracted significant interest from buyers. The resort is located at 10080 North Water Street and sits on two acres with an impressive 200 feet of shoreline and its own private beach. Built in 1978 without any franchise affiliation, this non-branded hotel offers guests top-notch amenities including an indoor pool and whirlpool, fitness center as well as outdoor fire pits and green space.
The sale marks another success for Marcus & Millichap’s team who continue to excel at connecting buyers with exceptional investment opportunities across various markets nationwide.
