JLL Capital Arranges $76M Acquisition Loan For St. Regis Luxury Hotel In Chicago

401 E Wacker Dr, Chicago, IL 60601, USA

$76,000,000

Building Size

—

Asset Type

Hotel

Closing

May 16, 2023

AI

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