Dellshire Resort in Wisconsin Dells secures construction financing for Phase 1A Development

PHOENIX, May 19, 2025 –  JLL Hotels & Hospitality Group announced today that it has secured construction financing for Phase 1A development of the 208-key Dellshire Resort, located in Wisconsin Dells, Wisconsin.

JLL worked on behalf of the borrower, Uphoff Ventures, to secure a loan through a combination of a private capital lender and national C-Pace lender.

The Dellshire Resort's development plan includes a four-story luxury-themed hotel, two restaurants with 350 seats, multiple bars, retail shops, six indoor and outdoor pools, a large meeting space for 280 guests, a 9,000-square-foot family entertainment center and amusement rides. A standout feature is an elevated Tree Canopy Walk that offers guests a unique view of the surrounding area.

Located in the "Waterpark Capital of the World," the resort will draw from Wisconsin Dells' 5.5 million annual visitors. Its location at the most visible corner in Wisconsin Dells will ensure exposure, and its proximity to Chicago and Minneapolis will provide a steady stream of visitors. The resort aims to fill a gap in the market for family-oriented accommodations for both leisure and business travelers.

Construction will be completed in Q2 2026. Pyramid Global Hospitality will manage the resort. Kraemer Brothers is overseeing construction.

“JLL's Hotels Debt Advisory team, particularly Adrienne Andrews and Jeff Bucaro, provided valuable expertise and support throughout the financing process,” said Steven M. Uphoff, CEO of Uphoff Venture. “Their responsiveness and deep knowledge of the market helped us navigate the complexities of the deal and achieve a successful outcome. We appreciate their partnership in bringing this vision to life."

The JLL Debt Advisory team was led by Managing Directors Adrienne Andrews and Jeff Bucaro.

“This financing represented a compelling opportunity to facilitate the development of a distinctive, high-end resort in one of the Midwest's premier tourist destinations,” said Andrews. “The Dellshire Resort is poised to capitalize on the strong demand for modern, family-focused hospitality experiences and become a landmark destination. The hotel will provide substantially larger and more luxurious room product than currently exists in the market. With access to nearby waterparks, gorgeous nature-oriented facilities, mixed virtual reality components and an entertainment-oriented resort, the Dellshire amenities will offer year-round appeal to guests.”

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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Uphoff Ventures was founded in 1988 by Steve and Linda Uphoff. The company manages a diverse portfolio including family entertainment centers, convenience stores, luxury rental properties and commercial real estate across the United States.