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Topic - Hotel Transaction Chicago Page 2

Hotel Transaction Chicago

Interwest Capital Acquires the Hotel Indigo – Chicago, IL

Originally constructed in 1923 as the historic Claridge Hotel, the property was repositioned to InterContinental Hotel Group’s Hotel Indigo in May 2005. Featuring 165 guestrooms, the 12-story Hotel Indigo is ideally situated in the heart of Chicago’s affluent Gold Coast neighborhood; steps from downtown Chicago’s renowned Magnificent Mile and less than two blocks from the nightlife and entertainment intersection of Rush and Division Streets.

Hotel Transaction Chicago

LondonHouse Chicago Hotel Sold for $315 Million

An Oxford Capital Group, LLC led venture with Angelo, Gordon today announces the $315 Million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany's Union Investment Real Estate.

Hotel Transaction Chicago
Waldorf Astoria Chicago

Waldorf Astoria Chicago Sale Arranged by JLL

JLL's Hotels & Hospitality Group announced that the firm arranged the sale of the 189-room, Waldorf Astoria Chicago. JLL also secured acquisition financing on behalf of the buyer.

Hotel Transaction Chicago
Westin Chicago Northwest

Westin Chicago Northwest Sold for $27M

GF Management, a leading national hotel ownership and management company, through its affiliate, has acquired the 408-room Westin Chicago Northwest located in Chicago’s suburb of Itasca, IL, marking the Company’s first foray into the Chicago market.

Hotel Transaction Chicago

InterContinental Chicago O'Hare Hotel Sold to Loews Hotels

Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation (NYSE: L), today announced that the company has entered into an agreement to purchase the 556-room InterContinental Chicago O'Hare Hotel. The acquisition is expected to close in late July.

Hotel Transaction Chicago
Hotel Indigo in Vernon Hills

Hotel Indigo in Vernon Hills Sold for $10.3 Million

Hunter Hotel Advisors announced that it represented Florida Capital Real Estate Group in the $10.3 million sale of the luxury-boutique Hotel Indigo in Vernon Hills, suburban Chicago. The 6-story hotel was purchased by a private equity group who plans to keep the IHG brand.

Hotel Transaction Chicago

Marriott Suites Chicago Deerfield Sold

Jones Lang LaSalle's Hotels & Hospitality Group recently arranged the sale of the 248-room Marriott Suites Chicago Deerfield on behalf of AEW Capital Management, L.P and The Dow Hotel Company.