KCB Partners Secures $58 Million Refinance Loan From Bell Bank For Hilton Chicago Oak Brook Hills

The asset involved in this transaction is the Hilton Chicago Oak Brook Hills Resort & Golf Club, located at 3500 Midwest Road, Oak Brook, IL. The property features 386 keys and spans across 150 acres. The transaction included a loan amount of $58,000,000, which is a cash-out refinancing deal replacing an existing $40 million mortgage.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $58,000,000
• Lender: Michael Solberg - Bell Bank
• Landlord: Harvey Knell & Megan Pautler-Gutnikov - KCB Partners
• Market: Oak Brook, IL
• Keys: 386
• Acres: 150
• Loan Type: Refinance

The refinancing was secured by KCB Partners and is notable for its performance in the challenging suburban Chicago hotel market, which is experiencing rising distress and maturing debt challenges. By enhancing the property's offerings, including golf and resort amenities, KCB Partners has positioned the hotel favorably despite market conditions.