Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOODBURY, MN-An affiliate of CSM recently refinanced The Country Inn & Suites St. Paul-East, a three-story, 158-room hotel totaling 90,000 sf. The $6.4-million mortgage was arranged for the hotel owner, Woodbury Country Inn, LP, an affiliate of CSM Corp.

L.J. Melody & Co., a national real estate investment banking firm, arranged the permanent financing on behalf of the owner of the hotel. Murray Kornberg and Douglas Seylar of L. J. Melody’s Minneapolis office worked on the deal.

The hotel was built in 1964. Renovations in 1992-93 earned the hotel Lodging Magazine’s “Renovation of the Year” award in 1994. The hotel also offers dining, banquet and catering services from the attached 6,000 sf Green Mill restaurant.

L.J. Melody & Company, a CB Richard Ellis company, arranged more than $11 billion in commercial real estate transactions last year. The firm is headquartered in Houston, Texas and operates offices in 31 major metropolitan markets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.