Apr
20
LondonHouse Chicago Hotel Changes Hands in Sale-Leaseback Before Opening
ByThe 452-key luxury hotel changed hands for $315 million, marking the highest per-room price ever paid for a Windy City hotel.
LondonHouse Chicago
Chicago—Germany’s Union Investment Real Estate GmbH, a leading international investment manager, continues to beef up its American holdings with the third commercial real estate acquisition announced this month. Union’s latest investment is the $315 million sale-leaseback deal for the new luxury hotel LondonHouse Chicago arranged with sellers Oxford Capital Group LLC, and Angelo, Gordon & Co.
Working out to $697,000 per room, it is the highest per-room price ever paid for a Chicago hotel, according to Crain’s Chicago Business...
LondonHouse Chicago Hotel Changes Hands in Sale-Leaseback Before Opening
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