Hospitality Funding Facilitates Purchase of Comfort Suites in Milwaukee
Monday April 14th, 2014 - 9:21AM E
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PALM BEACH, FL—Hospitality Funding has facilitated the purchase of The Comfort Suites Park Place in Milwaukee. WI.
The 120-room select-service hotel is located within in close proximity to the Milwaukee County Zoo and Marquette University, as well as Miller Park. The property offers an on-site health and fitness center, game room, indoor heated pool, business center and flexible meeting space.
The hotel is the fifth transaction in the past six months to be acquired through a $50 million equity joint venture and related $100 million debt facility raised by Hospitality Funding, LLC. Hospitality Funding advised the buyer group, which consists of a hospitality asset management firm and U.S-based investment management company.
Tags: Comfort Inn • Milwaukee • Hospitality Funding • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.