Greysteel announced the successful refinancing of the Hilton Garden Inn Green Bay, a recently renovated, 125-key, select-service hotel in the Lambeau Field Stadium District.
Developed in 2000 by Beechwood Hotel Group, the property has been owned and operated by the group for over 20 years.
The $14.91 million First Perm Loan, provided by Fox Communities Credit Union, offers a floating rate structure that allows the cost of capital to decrease as the Federal Reserve cuts rates. This refinancing was completed ahead of the property’s CMBS loan maturity, avoiding potentially costly penalties and securing favorable terms for the borrower. The loan also features a more flexible covenant structure, providing Beechwood Hotel Group with increased operational flexibility to support long-term goals.
“This was a highly attractive opportunity for lenders, given the property’s prime location, strong performance, and Beechwood Hotel Group’s long-standing ownership and management,” said Stephen Haase, who represented Beechwood Hotel Group in the transaction. “We’re thrilled to have secured a loan structure that not only meets their current needs but positions them for future success. Completing the refinancing ahead of the CMBS maturity was critical, and we’re proud to have delivered a seamless solution.”
“The financing market for well-performing hotels in prime locations remains robust, as evidenced by the competitive term sheets received from a variety of lending sources,” said Haase.
Fox Communities Credit Union demonstrated its commitment to supporting the state’s hospitality sector by partnering on the transaction.
