Sukhdev Toor Of Manga Hotel Group Acquires Royal Sonesta Chicago River North For Hotel 505 River North

The property asset involved in the transaction is the Royal Sonesta Chicago River North, located at 505 North State Street, Chicago, IL. The hotel features 261 keys and boasts over 8,000 square feet of meeting and event space, an indoor pool, a fitness center, and on-site dining. Manga Hotel Group has plans to rebrand the property as Hotel 505 River North and eventually transition it to the TOOR Hotel brand.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 505 North State Street
• Market: Chicago, IL
• Keys: 261
• Buyer: Sukhdev Toor
• Buyer’s Company: Manga Hotel Group

The deal involved Sukhdev Toor representing Manga Hotel Group, marking their entry into the Chicago market and expanding their TOOR presence across major North American cities.