Gencom And GD Holdings Acquire St. Regis Chicago Hotel For $134M

363 E. Wacker Drive, Chicago, Illinois 60601

$134,000,000

Building Size

—

Asset Type

Hotel

Closing

May 17, 2023

AI

Chicago's St. Regis hotel has been sold for about $134 million, making it the city's largest hotel sale in years. The buyer, a joint venture between Gencom and GD Holdings, acquired the 192-key luxury hotel located at 363 East Wacker Drive for around $700,000 per room.

Summary of transation details

Property Type: Hotel
Transaction Amount: $134,000,000
Address: 363 East Wacker Drive - The St. Regis Chicago
Market: Chicago

The seller of the St. Regis hotel in Chicago is Magellan Development Group. The buyer was represented in the transaction by Alessandro Colantonio from Gencom and GD Holdings.

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