Hospitality Funding | April 10, 2014

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 the fifth transaction in the last 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 leading hospitality asset management firm and a US-based investment management company.

When assessing the transaction, the buyer considered the following:

  • The hotel is located minutes from the Milwaukee County Zoo and Marquette University, and a short drive from Miller Park, which hosts the Milwaukee Brewers baseball team, as well as the BMO Harris Bradley Center, which is home to the NBA’s Milwaukee Bucks.
  • Then hotel is ideally situated near Milwaukee Harbor and the Milwaukee River Walk, which connects the city’s many waterfront neighborhoods.
  • The property offers an on-site health and fitness center, game room, indoor heated pool, business center, and flexible meeting space.