Milwaukee Clarion sold for $7.75 million

The Clarion Hotel & Conference Center in Milwaukee, Wis., was sold to an Illinois investment group for $7.75 million.

The 180-room hotel was locally owned for more than three decades. It was ultimately sold to an affiliate of Bask Development of Elgin, Ill. Bask will operate the hotel and plans on investing in upgrades in the future.

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The nine-acre property includes a three-story hotel, restaurant, 18,000 square feet of banquet and meeting space and the 3.2-acre park-and-fly parking lot.

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