Woodmont Lodging Announces Successful Financing of Ground Lease Capital to Sheraton Hotel in Brookfield, Wisconsin.
April 5, 2021
The Shulman Rogers’ Real Estate Team, including Alexis Peters, Douglas Hirsch and Samuel Spiritos, was pleased to support Woodmont Lodging in its successful financing of ground lease capital for the renovations at the Sheraton Hotel in Brookfield, Wisconsin. The transaction was a collaborative effort between Woodmont Lodging, Twain Financial Partners and Milestone Companies.
Woodmont and Milestone Companies formed a joint venture partnership to renovate and reposition the hotel, and this infusion of capital will help fund the first phase of renovations of the 388-room full-service hotel.
“Given the state of the hospitality industry and condition of the capital markets, we were pleased to partner with Twain to help make this project happen,” said Elliott Estes, principal at Woodmont Lodging. “Twain’s ground lease has allowed us to tap into financing that will expedite execution of the renovation in a manner that will minimize the displacement of occupancy as the economy reopens.”
To read the full press release, click HERE.