Arriba Capital closes on $17-million refinancing for Green Bay's Tundra Lodge

The property includes a 30,000-square-foot water park. Photo credit: Tundra Lodge

Arriba Capital recently closed a $17-million conventional loan for the Tundra Lodge in Green Bay, Wis. Included in the deal is an attached 30,000-square-foot water park, as well as 162 guestrooms and more than 17,500 square feet of function space spread throughout three ballrooms and 11 additional meeting rooms.

The hotel is locating within the Green Bay Stadium District and walking distance of Lambeau Field, home field of the Green Bay Packers, and is also less than 3 miles from downtown Green Bay. There are a number of new projects going on within the downtown Green Bay area including new corporate, retail, infrastructure, and multifamily developments. Currently, a pedestrian walkway in under construction connecting the Legends Direct—where the hotel is located—to Lambeau Field.

The hotel also benefits from its location adjacent to the intersection of South Ashland Avenue and Lombardi Avenue, allowing for quick accessibility to Main Street and Austin Straubel International Airport. Besides local groups, the property attracts travelers and guests from Milwaukee, Madison, Chicago and Michigan’s Upper Peninsula throughout the year.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.

Arriba Capital is a commercial real estate capital markets firm with offices throughout the United States. Through its network of national, regional and local lenders, Arriba provides asset management, investment banking, capital markets services and advisory solutions for a wide variety of commercial real estate properties, including apartments, shopping centers and retail strips, office buildings, industrial facilities, single-tenant net-lease properties, seniors housing, hotels and self-storage facilities.