Property details
Rosemont, illinois
Embassy Suites & DoubleTree
Investment type
Value Add
Asset Class
Hospitality
Ownership Structure
Joint Venture
Year Acquired
2019
Investment Summary
Syndicated invested alongside Nath in the acquisition of the DoubleTree and Embassy Suites in Rosemont, Illinois.
The DoubleTree, which is situated on 1.83 acres, consists of a 9-story, 369-room hotel that shares a parking garage and pedestrian access with the Donald E. Stephens Convention Center, an 840,000 square foot facility owned and maintained by the Village of Rosemont. Gibson’s, a nationally recognized Chicago steakhouse, operates a 350-seat restaurant on the ground floor of the DoubleTree.
The Embassy Suites, which is situated on 2.12 acres, consists of an 8-story, 294-room hotel with 410 parking spaces within the attached parking garage.
