JAMF Software co-owner acquires former Ramada
Posted: January 24, 2014
Local developer Pablo Properties, the entity that is building the new JAMF Software building near Phoenix Park in downtown Eau Claire, has purchased the former Ramada Inn, 205 S. Barstow St., Eau Claire for $1.62 million. The 123-room hotel, which has been vacant since closing its doors on Nov. 24, 2013, will be completely remodeled and reopened under the new ownership group.
"This property was the center of downtown when I was growing up. We went there for holiday meals and special events. We've seen it deteriorate over the last 10 years to the spot that businesses refuse to house their visitors there," said JAMF Software Owner Zach Halmstad.
Plans include reducing the number of rooms to between 80-90 to accommodate suites and long-term stay rooms, renovation of the existing convention center and the addition of a coffee shop and new restaurant.
"We have an incredible amount of shared space in the building, but it is not well-maintained and is poorly utilized. We have plans to redesign the entire first floor and house a restaurant that focuses on great, locally-sourced food. We hope that this space will be a benefit both for travelers and local citizens," said Halmstad.
With the renovations happening at the former Green Tree Inn and a revitalized meeting space in the convention center, Visit Eau Claire Executive Director Linda John hopes that downtown may return to become a viable option for meeting planners.
"We keep track of groups that want to come to Eau Claire with a specific request for a downtown property. For the past few years we have been unable to accommodate them at a quality property. This has translated to hundreds of thousands of dollars worth of lost potential business for Eau Claire. This announcement by Pablo Properties has huge economic impact potential for Eau Claire," said John.
So far, a name for the new hotel has not been selected. Pablo Properties is working with Empirical Hotel Investments as a hotel advisor. The groups are currently exploring franchise options, as well as the feasibility of opening as an independent hotel.
Market & Johnson has been selected as the general contractor and is working with Pablo on an aggressive timeline. The hotel will be reopened before the end of 2014, according to a news release.
Pablo Properties is one of five investors that recently acquired the former Green Tree Inn from Tom Kite.TBL