TKO Miller Advises Oneida Airport Hotel Corporation on its Debt Financing

MILWAUKEE, WI (January 3, 2019) – TKO Miller, LLC is pleased to announce the successful closing of a new commercial loan package for the Oneida Airport Hotel Corporation (OAHC). Known as an industry leader, OAHC owns several hotels in the Green Bay, Wisconsin area, consisting of approximately 500 rooms. After finding limited success in trying to obtain new financing on its own, OAHC realized that this project’s size and scope required experienced professional assistance and turned to TKO Miller.

“OAHC found that it was no longer meeting its existing bank’s definition of a target customer,” said Steve Yahnke, Managing Director, TKO Miller. “Navigating the complex and fragmented commercial lending world and obtaining long-term, fixed-rate financing post 2008 has become more difficult.”

TKO Miller quickly determined that OAHC’s loan request was solid and that OAHC would be an attractive “relationship client” for many financial institutions.  After structuring the required financing to include a revolving line of credit and two mortgage loans, TKO Miller identified the most appropriate senior lenders for OAHC, including regional and national commercial banks, along with numerous other real estate lenders, such as pension funds, insurance companies, and bond issuers. TKO Miller conducted a targeted and efficient process that allowed OAHC to achieve its objectives. The winning proposal provided OAHC with the flexibility and the availability it needed to fund its future growth initiatives.

“TKO Miller procured multiple, competitive proposals for the transaction,” said Bob Barton, OAHC Board President.  “In the end, we were very impressed with the final financing structure and the attractive economics of the deal.”