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in Wisconsin Arranged by HREC Investment Advisors |
The Holiday Inn is a full-service �Three-Diamond� rated, mid-market hotel, with public spaces and guestrooms that are highly competitive. The Holiday Inn has recently undergone an extensive $1,300,000 renovation and is a valuable asset to the Neenah business community. �HREC created value for us by finding a rather unexpected source of financing and helping us overcome the inevitable issues that arise in a complex transaction. I was very pleased with their contribution� according to Steve Scheetz, Senior Vice President-Finance, WMC Management Company, LLC. Rick George, Principal of HREC Investment Advisors said, �This was a tough deal to find the right lender due to the relatively large loan size, and the dearth of lenders interested in secondary, even tertiary, markets likes these, irrespective of the sound economics. However, a little research, creative structuring and some credit enhancements enabled HREC to close the deal.� HREC Investment Advisors is the real estate brokerage and investment banking arm of Hospitality Real Estate Counselors (�HREC�), one of the nation�s leading advisors to the lodging industry. Based in Denver, Colorado, HREC maintains an international practice specializing in hotel brokerage, debt financing, equity placements, consulting and appraisals. (www.hrec.com). |
Contact:
Principal HREC Investment Advisors 440 North Well Street, Suite 450 Chicago, IL 60610 Phone: (312) 645-9010 Fax: (312) 645-9012 [email protected] |