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Green Bay Hotel for Sale

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Hotel Brokerage requires Hotel Brokers that know how to acquire debt financing …

Hotel Brokerage requires Hotel Brokers that know how to acquire debt financing
www.hotelsource.com


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  • 1. Microtel Inn & Suites – Green Bay, WisconsinHotel for Sale: Microtel Inn & SuitesMarket: Green Bay, WisconsinMicrotel Inn & Suites was built in 1999 in Green Bay, Wisconsin. The hotel benefitsfrom its close proximity to Lambeau Field, home of the NFL’s Green Bay Packers.ChallengeMicrotel Inn & Suites contains 68 rooms, including 23 suites, and an indoorswimming pool with water features. Based on the low Net Operating Income,acquiring debt financing was a major challenge for many purchasers.Hotel Sales/Marketing ProcessThrough an aggressive sales and marketing process, prospective buyers seekinglimited-service properties in the Midwest were targeted and offers were receivedfrom 12 purchaser groups.ResultsThe buyer who eventually closed on the purchase of the property was a regionalowner-operator who was able to creatively finance the transaction throughassumption of the seller’s exiting debt.