MILMARK BROKERS HISTORIC HOTEL SALE

by admin

FOND DU LAC, WIS. — Milmark Hotel/Motel Investment has brokered the sale of the Ramada Plaza Hotel, a 132-room hotel located in Fond du Lac. The hotel, which is on the National Register of Historic Places, features a ballroom and banquet rooms for events; a restaurant and lounge on the first floor; and a fitness center with a pool, a whirlpool, a sauna and exercise equipment. The property was purchased by California-based Fine Hospitality Group, which plans to significantly upgrade it in the near-term. The purchase is part the company’s plans to expand into the Midwest. The sellers were CPRS Properties and One North Main. The acquisition price was not disclosed.

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