Foreclosed downtown Milwaukee Cambria Hotel acquired by its lender
The foreclosed Cambria Hotel in downtown Milwaukee has been acquired by its lender at a value of $11.1 million.
Source: biztimes.com
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The foreclosed Cambria Hotel in downtown Milwaukee has been acquired by its lender at a value of $11.1 million.
Plus: Trouble for downtown hotels. And a recap of the week's real estate news.
Another downtown Milwaukee hotel is facing foreclosure: the Cambria Hotel in the Westown neighborhood.
The Cambria Hotel, 503 N. Plankinton Ave., opened in October 2019. It was developed by Chicago-based Murphy Development Group LLC.
132-room Cambria Hotel on Plankinton Ave. opened just months before pandemic.