JLL secures refinancing for dual-brand hotel portfolio in Chicago's River North district
United States, Jan. 14 -- JLL Capital Markets announced today it has secured the refinancing for a dual-brand hotel portfolio, supporting the sponsors' ongoing ownership and capital planning strategy in Chicago's River North district. The collection comprises the 270-key Residence Inn River North and the 253-key SpringHill Suites River North, both Marriott-affiliated properties totaling 523 keys at 410 North Dearborn St.JLL worked on behalf of the borrower, a joint venture between Friedman Properties and White Lodging, to secure a fixed-rate, five-year loan through PGIM real estate's core lending business.The properties occupy a strategic location in River North, which contains the highest concentration of restaurants and entertainment venu...
To read the full article or to get the complete feed from this publication, please
Contact Us.