Recent developments have painted a varied picture of Milwaukee’s hotel market. In a notable setback, the Milwaukee Downtown Marriott filed for bankruptcy last year, joining a growing number of downtown hotels facing financial challenges such as foreclosure and bankruptcy. On the other hand, The Marcus Corporation, a Milwaukee-based hospitality company, has been moving forward with significant investments. The company is in the midst of a $20 million renovation of The Pfister Hotel and has also announced plans for a $40 million renovation project. These contrasting trends highlight the complexities of the city’s hospitality industry.
Source: biztimes.com