JLL Hotels & Hospitality Group has secured construction financing for Phase 1A of the Dellshire Resort, a 208-key property set to open in Wisconsin Dells, Wisc., in the second quarter of 2026.
JLL arranged the financing on behalf of the borrower, Uphoff Ventures, through a combination of a private capital lender and a national C-Pace lender.
The Dellshire Resort will include a four-story luxury-themed hotel, two restaurants with 350 seats, multiple bars, retail shops, six indoor and outdoor pools, a meeting space for 280 guests and a 9,000-square-foot family entertainment center. The resort will also feature amusement rides and an elevated Tree Canopy Walk offering views of the surrounding area.
Located in Wisconsin Dells, known as the “Waterpark Capital of the World,” the resort will benefit from the area’s 5.5 million annual visitors. The site sits at what the developer describes as the most visible corner in the city, with proximity to Chicago and Minneapolis expected to provide steady demand. Pyramid Global Hospitality will manage the resort and Kraemer Brothers will handle 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 hotel transactions than any other advisor in the sector over the last five years, totaling $83 billion worldwide. Its 370-person global team in over 20 countries has also closed more than 7,350 advisory, valuation and asset management assignments.
