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West Allis approves $4 million measure for Home2 Suites hotel project

West Allis approves $4 million measure for Home2 Suites hotel project
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West Allis considering $4 million guaranty for Cobalt Partners' Allis Yards hotel

Home2 Suites hotel southeast of West Washington and South 70th streets as part of its $130 million-plus
Allis Yards project.
The extended-stay hotel was
first presented to city leaders for approvals in January 2019. Construction hasn t yet moved forward, and the COVID-19 pandemic is a big reason for that.
Scott Yauck, president and chief executive of Cobalt, said he had all the financing lined up for the $20 million hotel development last spring. But lending on new hotel projects dried up once the pandemic hit, which deeply impacted the hospitality industry.
The city could help firm up the project financing by approving a guaranty of up to $4 million on a roughly $10 million Waukesha State Bank loan. Cobalt said this would limit the bank s exposure and allow it to execute the loan. The remaining financing comes from equity and New Markets tax credits. ....

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Ope! Brewing Co. plans to open West Allis brewery in 2021

Ope is no longer going to be just a Midwestern expression of surprise. This year, three buddies are planning to turn it into a new brewery in West Allis.
John Onopa of Wauwatosa, Kyle Ciske of West Allis and Adam Anders of Brookfield are looking to open Ope! Brewing Co. in the former Perfect Screw Products Corporation building, 6751 W. National Ave. They re in the process of purchasing the space from the City of West Allis, they said, and hope to close on it by the end of March.
All of us found craft beer through drinking it, and all eventually started homebrewing and playing around with that, said Ciske, head brewer at The Explorium Brewpub in Greendale. ....

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