The Prime Group, Inc. Acquires Hotel In Chicago For $141M

An hotel located at 11 S. LaSalle Street in Chicago was involved in a recent transaction. The property, managed by The Prime Group, Inc. and represented by Michael W. Reschke, was the subject of a loan. The loan amount secured for the hotel was $141,000,000. The transaction took place on February 11, 2021.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $141,000,000
• Address: 11 S. LaSalle Street, Chicago
• Market: Chicago

Michael W. Reschke, representing The Prime Group, Inc., played a key role in the transaction.