AVANA Capital Provides $11M In Financing for Historic Conversion in Omaha

The Woodmen Building is not only a 100 plus year-old historic landmark, but in 2017, the Omaha Landmarks Heritage Preservation Commission designated it as a “local landmark” in Omaha. The age of this property, originally built in 1910, presented some challenges for redevelopment into a hotel—but these designations also opened opportunities for creative financing solutions.

Construction of the Peregrine in downtown Omaha is already underway and expected to be complete in early 2019. The project will feature hotel guestrooms on the upper six floors, a full- service restaurant and lounge on the main floor, and a rooftop bar. There are currently no other hotels in downtown Omaha that offer such high-end amenities, thereby allowing Peregrine to fill a gap in the local market.

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