FINANCED
JLL Capital Arranges $76M Acquisition Loan For St. Regis Luxury Hotel In Chicago
401 East Wacker Drive - Saint Regis
Hotel
Financed 359 days ago
Summary
Loan
ILLINOIS
Hotel
The St. Regis luxury hotel in Chicago has secured a $76 million acquisition loan arranged by JLL Capital Markets. This financing represents the first 5-star hotel built in the city in over a decade, offering a prime location, exceptional room quality, and amenities. The property, located at 401 East Wacker Drive, features 192 keys and is owned by Gencom, GD Holdings, and Magellan.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $76,000,000
- Address: 401 East Wacker Drive - St. Regis
- Market: Chicago
- Keys: 192
JLL Capital Markets, acting as the broker, facilitated the deal. Eric Tupler, Jeff Bucaro, Mark DesLauriers, and Jake Martin, all representing JLL, played a key role in the transaction.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Jeff Bucaro, Eric Tupler & Jake Martin
DATE: 05/16/2023
ADDRESS: 401 East Wacker Drive - St. Regis
MARKET: Chicago
ASSET TYPE: Hotel ~ KEYS: 192
LENDER: Värde Partners
LANDLORD: Gencom, GD Holdings & Magellan
BROKERS: Eric Tupler, Jeff Bucaro, Mark DesLauriers & Jake Martin - JLL (@JLL)
LOAN AMOUNT: $76,000,000
LOAN TYPE: Acquisition Loan
NOTE: JLL Capital Markets has arranged $76 million in acquisition financing for the St. Regis luxury hotel in Chicago, representing the first 5-star hotel built in the city in over a decade. The loan was secured by Gencom, GD Holdings, and Magellan, offering a prime location, exceptional room quality, and amenities.View on map
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Address401 East Wacker Drive - Saint Regis
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