ADVERTISEMENT

Appleton hotel sold for nearly $18 million

By ASSOCIATED PRESS   Thursday, January 17, 2013 - 8:19 a.m.
ADVERTISEMENT

APPLETON—The downtown Appleton Radisson Paper Valley Hotel has been sold for nearly $18 million.

The hotel went into a court-ordered receivership last year after Watermark Hotel Investors defaulted on a $27 million balloon payment. A Miami-based real estate investment firm, LNR Partners, has purchased the hotel.

The Radisson is at the center of a planned $25 million exhibition center in Appleton. The group that wants to build the center has been waiting for the ownership issue to be resolved. Fox Cities Exhibition Center leader Walt Rugland says LNR will eventually sell the hotel, whether it’s now or in two or three years.

The Post-Crescent says 2012 hotel revenue was about $14 million — its best year since 2006.




reader COMMENTS
Click here to view reader comments
(1)
chelleandlou
Jan 17, 2013 at 3:38 p.m.
Suggest removal

I've stayed at the Paper Valley many times, awesome place!!!!

Before you post a comment, consider this:

Note: GazetteXtra.com does not condone or review every comment. Read more in our User Policy Agreement
  • Keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.
  • Don't threaten to hurt or kill anyone.
  • Be nice. No racism, sexism or any other sort of -ism that degrades another person.
  • Harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind.  Hit the "Suggest Removal" button on offensive comments.
  • Share what you know. Give us your eyewitness accounts, background, observations and history.
  • Do not libel anyone. Libel is writing something false about someone that damages that person's reputation.
  • Ask questions. What more do you want to know about the story?
  • Stay focused. Keep on the story's topic.
  • Help us get it right. If you spot a factual error or misspelling, email newsroom@gazettextra.com or call 1-800-362-6712.
  • Remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.

Post Comment

Commenting requires registration.

Username:
Password: (Forgotten your password?)

Comment:

ADVERTISEMENT