HFF Announces $19.5M Refinancing for Suburban Milwaukee Sheraton Hotel
SAN DIEGO, CA. November 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $19.5 million refinancing for Sheraton Milwaukee Brookfield Hotel, a 389-room, upscale, full-service hotel in the Milwaukee suburb of Brookfield, Wisconsin.
Working on behalf of the borrower, LLJ Ventures, HFF placed the three-year, floating-rate loan with two one-year extensions with Blue Vista Finance LLC. Loan proceeds will be used to pay off the hotel’s existing loan and to fund additional strategic capital improvements.
Sheraton Milwaukee Brookfield Hotel is a six-story hotel completed in 1972 that, in 2014, underwent an extensive $4.3 million renovation to upgrade and modernize. The hotel features more than 19,000 square feet of flexible meeting space, a 24-hour business center, fitness center, indoor and outdoor heated pools, the recently opened The Craft Room restaurant and the Sheraton Club. Located at 375 South Moorland Road, Sheraton Milwaukee Brookfield Hotel is just off Interstate 94 and adjacent to the Brookfield Square Mall and Westmoor Country Club. The hotel provides easy access to a variety of demand drivers, including Miller Park, the Harley Davidson Museum, Milwaukee County Zoo, Midwest Airlines Center and numerous breweries throughout the Milwaukee metropolitan area.
The HFF debt placement team representing the borrower included managing director Scott Hall, senior director Jeff Bucaro and real estate analyst Aaron Lapping.
About LLJ Ventures
LLJ Ventures is the private equity arm of the LM Group, which was founded in 1983 in San Diego, California. Today, the group manages more than $7 billion of assets in its three divisions: LM Capital (institutional fixed income), LM Advisors (high net worth families) and LLJ Ventures (Private Equity with a Real Estate Focus). For more information, visit lljventures.com.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.