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Hospitality Funding Advises on Acquisition of The Comfort Suites Park Place

Boutique investment bank raises equity and debt for the purchase of Milwaukee hotel.

Monday, April 14, 2014
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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.
The 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.

About Hospitality Funding LLC: Hospitality Funding is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior owner-operators to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.

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