Acquisition of Hilton Garden Inn Chicago Downtown

United States

Deal value: $105,000,000

Acquisition of the 357-room Hilton Garden Inn located in Chicago’s River North district, targeting repositioning and operational upgrades.

The acquisition targets a premium select-service hotel in Chicago's high-demand River North district, capitalizing on the property's proximity to major attractions (Magnificent Mile, Millennium Park, O'Hare/Midway airports) and convention infrastructure. The $105 million valuation reflects confidence in Chicago's hospitality recovery post-pandemic and the operational upside from repositioning a well-located 357-room asset. The buyer seeks to diversify portfolio exposure into select-service brands while capturing value from a market with strong leisure and business travel demand generators.