Jones Lang LaSalle Arranges Sale of Hotel Mead
FEBRUARY 18, 2008. On behalf of NewPage Wisconsin System Inc., Jones Lang LaSalle Hotels' select service division is pleased to announce the sale of the Hotel Mead & Conference Center to WR Hotel Properties, Ltd. The Hotel Mead & Conference Center is located near Wisconsin Rapids' prime lodging demand generators. The only full-service, upscale hotel in the area, the Hotel Mead & Conference Center has 157 guestrooms, including 51 suites, and 14,000 square feet of conference space, with two ballrooms, an indoor swimming pool, a fitness center, sauna and hot tub, upscale tavern and two restaurants.
Wisconsin Rapids is nestled along the Wisconsin River in Wood County, an area known as the "Heart of Wisconsin" due to its central location in the state. The area, designated a "Dream Town" by Demographics Daily, received this distinction for its low crime rate, access to health care, low cost of living, good schools, supply of good jobs and quick commutes. The largest industrial sectors are paper manufacturing, agriculture, wholesale sales, professional services and hotels. Wood County attracts over 11,000 out-of-county workers daily.
"The acquisition of the Hotel Mead & Conference Center gives the investor an opportunity to own a full-service interior corridor hotel in a strategic location within the center of the area's major agricultural and manufacturing industries," said Mark von Dwingelo, a senior vice president for Jones Lang LaSalle Hotels.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
