Partnership acquires Green Tree Inn & Suites
Posted: December 20, 2013
TBL has learned that Longform,LLC, a partnership consisting of Nick Meyer, publisher of Volume One, and four other individuals, have purchased the Green Tree Inn & Suites, 516 Galloway St., Eau Claire, from Tom Kite, effective Dec. 12, 2013. Additional outside investors will also be involved, according to Meyer.
According to a letter obtained by TBL that was delivered to the current motel guests, a major renovation of the property will not begin until March 1, 2104.
"We intend to make the property into an independent "boutique" hotel with 30 rooms and a creative niche in the community. After the Green Tree closes, it could be a year before the hotel is reopened under a new name and a completely new strategy," said Meyer, who added that the partnership cannot reveal who the general contractor is at this time.
The Green Tree Inn & Suites, which currently has 31 rooms, was purchased by Kite in 1999 from Robert Swanson. TBL