HREC Investment Advisors arranged the sale of the 61-guestroom Fairfield Inn & Suites Green Bay Southwest located in Green Bay, Wisconsin, on behalf of Legendary Capital.
The buyer, Nandini Tiwari, plans to convert the hotel into a Comfort Suites later this year. The asset was sold through the online auction and marketing platform RI Marketplace.
HREC Investment Advisors exclusively represented Legendary on the transaction. The marketing and negotiations were led by Senior Vice President, Michael Salloway (Senior Vice President – Atlanta), Lee Kerfoot (Senior Vice President – Minneapolis), Scott Kaniewski (Managing Director – Chicago), Taylor Ponath (Salesperson – Minneapolis), and Tom Sommer (Broker on Record for Wisconsin).
The Fairfield Inn & Suites Green Bay Southwest is located approximately two miles from Lambeau Field, home of the NFL’s Green Bay Packers, putting it in close proximity to one of Green Bay’s largest demand generators. The Property is situated proximate to the intersection of Interstate 41 and Wisconsin Highway 172, near the 32nd Division Memorial Hwy, providing convenient access to the interstate and Downtown Green Bay. The Hotel is also located four miles from the growing Green Bay – Austin Straubel International Airport (GRB).
