LM Consultants, Inc.
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Chicago Hotel Sells at a Major Discount
08/03/2011

A 525 room hotel in the Chicago area has sold at less than half of its 2006 sales price. While this sale reflects investor’s growing interest in solid properties it also reinforces the difficulty in securing those properties at the “right” price.

LM Consultants was happy to assist with this transaction in providing the physical due diligence needed to close this transaction. As this property is located near Chicago’s O’Hare airport, LM’s corporate office team was the perfect mix of location and capabilities needed to complete this project.

For additional information on this acquisition, please visit the Chicago Tribune website which covered Chicago Real Estate Daily’s article via this link. http://bit.ly/pObFpS