Edgewood Capital Advisors Provides $32.5M Loan For Chicago Hotel Acquisition

An hotel located at 8535 W Higgins Rd in Chicago was involved in a recent transaction. The transaction took place on 02/22/2021 and the property was acquired for a loan amount of $32,500,000. The hotel consists of 470 rooms and is situated in the Chicago market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $32,500,000
• Date: 02/22/2021
• Address: 8535 W Higgins Rd
• Market: Chicago
• Rooms: 470

The lender involved in this transaction is Edgewood Capital Advisors, represented by Thomas McDevitt. Thomas McDevitt played a crucial role as the representative of Edgewood Capital Advisors in the deal.