First investors expands portfolio with the acquisition of The Cambria Hotel Milwaukee Downtown
First Investors acquired the 132-room Cambria Hotel Milwaukee Downtown from a financial institution and plans a renovation and repositioning over the next year under First Hospitality's management.
Photo by First Hospitality
Chicago - First Investors, the investment arm of First Hospitality, has acquired the Cambria Hotel Milwaukee Downtown, marking another strategic investment and reinforcing the firm's continued focus on acquiring hospitality assets with long-term growth potential. First Investors acquired the property from a financial institution and plans to renovate and reposition the property over the next year.
Originally opened in 2019 as the first Cambria hotel in Milwaukee, the property features 132 thoughtfully designed guestrooms, including king rooms, double queen rooms, and one-bedroom suites. Guests enjoy a variety of amenities, including 414 Bar + Kitchen, an on-site restaurant and bar serving breakfast, dinner, cocktails, and local craft beer, as well as an indoor heated pool, fitness center, outdoor patio, grab-and-go market, and business-friendly guestrooms equipped with mini refrigerators, microwaves, HDTVs, ergonomic workspaces, and Bluetooth-enabled vanity mirrors. The hotel also offers more than 1,800 square feet of flexible meeting and event space, accommodating up to 205 guests with divisible meeting rooms ideal for corporate gatherings, social events, and group business.
We're excited to welcome the Cambria Hotel Milwaukee Downtown to our portfolio and invest in a significant renovation and repositioning that aligns the property with the evolving needs of the submarket and the neighborhood's long-term growth. By pairing this investment with the operational expertise of First Hospitality, we're well positioned to elevate performance, enhance the guest experience, and create lasting value for our investors.
David Duncan, president and CEO of First Investors
This acquisition further expands First Investors' growing portfolio of strategically located hospitality assets across the United States and reflects the firm's disciplined investment strategy. Combined with First Hospitality's award-winning operational expertise, the organization is well positioned to identify opportunities that enhance financial performance and create long-term value. First Investors will continue deploying the GP Fund alongside a select group of existing capital partners and other sophisticated investors.
This acquisition demonstrates the type of opportunity we created the GP Fund to pursue. The Cambria Hotel Milwaukee Downtown is a high-quality asset in a market with strong long-term fundamentals, and it's exactly the kind of investment that aligns with our strategy. As we continue deploying the fund, we're actively pursuing additional acquisitions where operational expertise, thoughtful capital investment, and favorable market dynamics can generate meaningful value for our investors.
Sam Schwartz, executive chairman of First Investors
About First Investors
First Investors, the investment arm of First Hospitality, is a premier real estate investment platform specializing in high-performing hospitality assets. With a strategic, data-driven approach, First Investors identifies, acquires, and develops properties that deliver long-term value and exceptional returns. Leveraging First Hospitality’s award-winning management expertise, the firm seamlessly integrates investment, development, and operations to optimize asset performance. With a portfolio spanning top-tier markets and a commitment to innovation, First Investors partners with institutional and private investors to create sustainable, high-yield opportunities in the hospitality sector. To learn more, visit fisthospitality.com/first-investors.
About First Hospitality
First Hospitality is a top-ranking development, investment, and third-party operating company with a portfolio of branded, lifestyle and independent properties along with a portfolio of restaurants & bars located throughout the United States. Founded 40 years ago, the organization fosters opportunities for associates, investors, owners, and partners to prosper together. The foundation of First Hospitality's success is built on an individualized approach that puts people first, encourages a strong ownership culture, and consistently demonstrates astute business acumen. The company and its hotels are frequently recognized by the industry and media for high guest service and associate satisfaction, including accolades from Forbes, Condé Nast, TripAdvisor, and AAA. For more information, visit www.firsthospitality.com.