The Pfister Hotel Voted No. 24 Worldwide and Top Midwest Hotel Following $20 Million Renovation
The Pfister Hotel, owned and managed by Marcus Corporation (NYSE:MCS) subsidiary Marcus Hotels & Resorts, earned the No. 24 spot among the best hotels in the world for 2026. The historic Milwaukee property was also ranked as the top hotel in the Midwest after nearly 800,000 votes were tallied across international travel destinations in the annual readers survey.
The ranking highlights the return on a recent multi-phase renovation valued at more than $20 million. The major upgrade refreshed ballrooms, event spaces, guest rooms, and the hotel's iconic lobby while maintaining its 130-year architectural history. Operating for over 130 years in downtown Milwaukee, the hotel features the world's largest Victorian hotel art collection and holds a 50-year AAA Four Diamond designation, positioning the city and the company's lodging portfolio for broader international visibility.
Investors in Marcus Corporation (NYSE:MCS) will monitor how these hospitality awards and property investments drive guest demand, occupancy rates, and room pricing across the company's portfolio of 17 owned and managed properties. Market participants will also look to upcoming financial reports to gauge the longer-term return on capital from the renovated Milwaukee flagship.
Key points
- The Pfister Hotel was ranked No. 24 Best Hotel in the World and No. 1 in the Midwest in the 2026 Readers' Choice survey.
- Parent company Marcus Corporation (NYSE:MCS) recently completed a $20 million multi-phase renovation of the Milwaukee property.
- Nearly 800,000 votes were cast evaluating room quality, location, service, food, design, and wellness facilities.
- The 130-year-old historic luxury hotel features the largest Victorian art collection of any hotel worldwide.
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What rank did The Pfister Hotel earn in the 2026 global hotel awards?
The Pfister Hotel was named the No. 24 Best Hotel in the World and earned the No. 1 spot for hotels in the Midwest.
Who owns and operates The Pfister Hotel in Milwaukee?
The Pfister Hotel is owned and managed by Marcus Hotels & Resorts, a division of Marcus Corporation (NYSE:MCS).
How much was spent on recent renovations at The Pfister Hotel?
The hotel completed a multi-phase renovation costing over $20 million, which updated guest rooms, ballrooms, meeting spaces, the lobby, and lobby bar while preserving its historic legacy.