BCI Pacific Real Estate Acquires Embassy Suites Chicago North Shore From Bradford W. Howe For $12.4M

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.