Vinayaka Hospitality Secures $54 Million Loan For Westin Michigan Avenue Hotel In Chicago

The asset involved in this transaction is the Westin Michigan Avenue hotel located at 909 North Michigan Avenue in Chicago. A loan amount of $54,000,000 was arranged to facilitate its operational and business plans.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $54,000,000
• Landlord: Vinayaka Hospitality
• Broker: Mark Perkowski - Draper and Kramer
• Date: 12/08/2025

Draper and Kramer was responsible for arranging the loan from a life insurance company, which provided the necessary leverage, term, and flexibility for Vinayaka Hospitality to execute its plans for the hotel. Mark Perkowski represented Draper and Kramer in this transaction.