Monday April 14th, 2014 - 9:21AM
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.