Home / Commercial Real Estate / Starting bid for Appleton hotel $7.5 million

Starting bid for Appleton hotel $7.5 million

APPLETON, Wis. (AP) — An online listing says the starting bid for the Radisson Paper Valley Hotel in Appleton is $7.5 million.

An auction for the 388-room downtown hotel begins Dec. 1 and ends Dec. 3.

The city has been talking with the hotel investors about plans for a $27 million Fox Cities Exhibition Center. Hotel general manager Jay Schumerth says the exhibition center is a priority for the Paper Valley Hotel because it will mean many more visitors for the area.

Post-Crescent Media says the Paper Valley was built in 1982 and has more than 38,000 square feet of meeting and banquet space and includes the Vince Lombardi Steakhouse.

Information from: Post-Crescent Media, http://www.postcrescent.com

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