BCI Pacific Real Estate Acquires Embassy Suites Chicago North Shore From Bradford W. Howe For $12.4M
1445 Lake Cook Road
$12,400,000
Building Size
—
Asset Type
Hotel
Closing
Sep 24, 2025
AI
The 237-room Embassy Suites Chicago North Shore, located at 1445 West Lake Cook Road in Deerfield, has been sold for a transaction amount of $12,400,000, translating to approximately $52,321 per key. The market for this hotel asset reflects the current trends with noticeable discounts for full-service suburban hotels post-pandemic.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,400,000
- Buyer: BCI Pacific Real Estate
- Seller: Bradford W. Howe - Broadshore Capital Partners
- Keys: 237
- Price Per Key: $52,321
- Market: Deerfield
This transaction underscores the activities surrounding full-service hotels in the area, highlighting a 25% decline from the property's sale price in 2011. Other nearby hotels, including Hyatt Regency Deerfield and Westin Chicago North Shore, have also seen significant price reductions in recent years.
Players
Deerfield Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93