CLEVELAND, Nov. 5, 2020 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the successful completion of development financing for Ceres Enterprises (Ceres). The multi-faceted capital structure will support the adaptive reuse of the former NASA Glenn Research Center in Fairview Park, Ohio. BGL’s Real Estate Advisors Group served as the exclusive financial advisor to Ceres in this transaction.
The capital structure will support the adaptive reuse of the former NASA Glenn Research Center in Fairview Park, Ohio.
Ceres Enterprises is a leading developer and operator of fine select service hotels in the Midwestern United States, and is a preferred developer and operator of Marriott, Hilton, Wyndham and Choice Hotels. The repurposing of the NASA property will include a 3-story, 59-room, select-service Trademark Collection by Wyndham hotel, 92-unit Class-A apartments, a 6,638 square foot banquet and event space, a 13,117 square foot future brewery and