V
Vennebu
Hotel · Wyndham
Investment Opportunity

A flagged hotel, in a market that doesn't blink.

Vennebu terrace at dusk
Thesis
01

A market that compounds.

Wisconsin Dells anchors the Midwest's largest drive-to leisure economy — 4M+ annual visitors, the world's densest waterpark cluster, and consistent demand across all four seasons.

02

Branded, but boutique.

Operating under the Wyndham flag delivers global distribution, loyalty, and procurement scale — without diluting Vennebu's design-forward, place-rooted identity.

03

Right-sized to outperform.

47 keys is a deliberate count: large enough to attract events and tour business, small enough to maintain service quality and operating margins above the segment average.

04

An owner with conviction.

Myklebust Family Investments is a long-hold sponsor with regional roots and proven execution alongside ADCI, the Dells' premier hospitality architect.

Projections

Indicative terms.

Detailed in the prospectus

Total Project Cost
$ —
All-in development basis
Equity Required
$ —
Targeted LP commitment
Stabilized NOI
$ —
Year 3 underwriting
Going-in Cap Rate
— %
On stabilized NOI
Targeted IRR
— %
10-year hold, levered
Equity Multiple
—×
10-year hold, levered

Figures will be finalized and provided to qualified investors under NDA.

Timeline

From design to door.

  1. 01
    Schematic Design
    Complete
    06.2023
  2. 02
    Design Development
    In progress
  3. 03
    Permitting & Approvals
    Targeted
  4. 04
    Groundbreaking
    Targeted
  5. 05
    Opening
    Targeted
Next step

Request the full prospectus.

Detailed financial projections, capital stack, sponsor track record, and site documentation are provided to qualified investors under NDA.

Begin the conversation →