Woodmont Lodging, Blue Vista Capital Management and Milestone Cos., have formed a joint venture for the recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.
Woodmont Lodging and Milestone Hospitality will acquire a minority interest in the hotel and provide asset management services. Blue Vista Capital Management will be the lead investor in the transaction.
“The Sheraton Milwaukee Brookfield Hotel benefits from its prime location in the reinvigorated Brookfield submarket,” said Elliott Estes, principal at Woodmont Lodging. “The region continues to see strong investment, including the $24 million, 44,000-square-foot Brookfield Conference Center; the redevelopment of the 100-plus store, 1.0 million-square-foot Brookfield Square Mall; and the $32 million Milwaukee Tool headquarters expansion — all recently completed. The hotel, especially after its comprehensive renovation this winter, will be well-positioned to be a destination for
