Mark Beffort Acquires 2 Parkway North - Chicago Marriott Suites Deerfield Hotel For $6.6M

A Goldman Sachs venture has sold the 248-room Chicago Marriott Suites Deerfield in Deerfield, Illinois for $6.6 million. The property, located at 2 Parkway North, was purchased by Mark Beffort. The hotel, which was previously bought by Goldman Sachs for $30 million ten years ago, has experienced a significant loss in value.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $6,600,000
• Address: 2 Parkway North, Deerfield
• Market: Deerfield

Mark Beffort, known for investing in distressed assets, including two large hotels in Evanston and Itasca in 2022, has acquired the Chicago Marriott Suites Deerfield from Goldman Sachs. The sale price of $6.6 million represents a substantial decrease from the previous purchase price.