Fairfields Get Refi in Wisconsin
Wednesday February 6th, 2013 - 8:34AM F
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NEW YORK—HREC Investment Advisors arranged the refinance in Wisconsin of the 62-room Fairfield Inn in Green Bay and the 94-room Fairfield Inn & Suites in Beloit.
The five-year, fixed-rate conduit loan was arranged via an international investment bank.
The Fairfield Inn in Green Bay is located off US-41 and near the US-172 interchange and is 2.5 miles from Lambeau Field. The Fairfield Inn & Suites Beloit is located on the interchange of I-90, I-43 and I-39 and is near to Beloit Memorial Hospital and the College of Beloit.
Scott Kaniewski, SVP of HREC IA, represented the borrower in the transaction.
Tags: • Hospitality • Brokers •
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.