Hilton Garden Inn Green Bay Secures $14.91 Million Refinancing Deal

The Hilton Garden Inn Green Bay, a cornerstone of the Lambeau Field Stadium District, has successfully secured a $14.91 million refinancing deal arranged by Greysteel. This strategic financial move, provided by Fox Communities Credit Union, features a floating rate structure that could benefit from potential Federal Reserve rate cuts, presenting Beechwood Hotel Group with a cost-effective solution ahead of the property's CMBS loan maturity.

Since its development and management inception by Beechwood Hotel Group in 2000, the Hilton Garden Inn Green Bay has undergone significant renovations aimed at enhancing guest experiences. Its prime location near Lambeau Field and other major attractions has cemented its status as a preferred choice for both leisure and business travelers. The refinancing not only circumvents costly penalties but also introduces a more flexible covenant structure, aligning with the group's long-term operational objectives.

Stephen Haase of Beechwood Hotel Group emphasized the property's appeal to lenders, attributing it to the hotel's prime location and robust performance. This transaction is a testament to the vibrant financing market for high-performing hotels in sought-after locations, with Fox Communities Credit Union emerging as a key supporter of Wisconsin's hospitality industry. For more details on Fox Communities Credit Union's role in the hospitality sector, visit https://www.foxcu.org.

This refinancing ensures the Hilton Garden Inn Green Bay remains a pivotal part of Green Bay's hospitality landscape, offering guests unparalleled access to the city's iconic attractions. The deal underscores the importance of strategic financial planning and the value of prime real estate in the hospitality industry's growth and sustainability.