Lotte Hotel Acquires Hotel Property In Chicago For $36M

LOTTE Hotel, represented by Sejin Ahn, has acquired a hotel property located at 225 N Wabash Avenue in Chicago. The transaction took place on January 25, 2022, with a sale price of $36,000,000. The hotel comprises 191 keys, with a price per key (PPK) of $188,482.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $36,000,000
• Address: 225 N Wabash Avenue, Chicago
• Market: Chicago
• Buyer: LOTTE Hotel - Sejin Ahn
• Keys: 191
• PPK: $188,482

The acquisition was made by LOTTE Hotel, a prominent player in the hospitality industry, with Sejin Ahn representing the buyer. The hotel property, located in the heart of Chicago at 225 N Wabash Avenue, presents an attractive investment opportunity. With its strategic location and a total of 191 keys, the property offers potential for significant returns in the hotel market.