Greysteel has refinanced the Hilton Garden Inn Green Bay, a recently renovated, 125-key, select-service hotel located in the heart of 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.
“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.
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