Ambassador Hotel Owner Sells Several Properties For $16M

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Wiegand Investments sold 11 apartment buildings totaling 231 units and other Milwaukee properties to Chicago-based Becovic Management Group. : Real estate developer and investor Rick Wiegand, whose projects include Milwaukee's revitalized Ambassador Hotel, has sold several properties — with the proceeds to be used to create another near west side hotel. Affiliates of Wiegand Investments LLC have sold 11 apartment buildings totaling 231 units; a single-family home and two vacant lots to groups led by Zio and Sal Becovic, of Chicago-based Becovic Management Group, according to newly-filed state real estate records.

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