Chicagoland DoubleTree Portfolio

Listing Agents

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Andrew Makhlouf
312.610.9067
amakhlouf@paramountlodging.com

Detailed Information
Property Highlights
  • Fee-simple interest in the institutionally owned and third-party operated 160-key DoubleTree Chicago Wood Dale and 189-key DoubleTree Chicago Schaumburg
  • Properties available for sale individually or as a portfolio, thereby presenting operational synergies between two well-branded proximate hotels
  • Minimal expected upfront capital requirements with new 15-year Hilton license available
  • Properties for sale unencumbered of debt and management allowing for a new more hands-on ownership to increase operating efficiencies and implement better marketing strategies
  • Well-maintained assets will trade at a steep discount to replacement cost in a top 3 MSA
  • Located along Interstate-90 northwest of Chicago that serves as a hub for Fortune 500 companies, office, convention, leisure, manufacturing, retail, education, industrial, and healthcare demand
  • Optimal time to be investing in the Chicago suburbs with the proposed ~$2B Chicago Bears Arlington Heights World Class Stadium development
  • Chicagoland ranked as the Top Metro in the US for Corporate Relocation and Site Selection for the 10th consecutive year and ‘Best Big City’ for the seventh straight year by Conde Nast Traveler Magazine
  • Chicago announced as the 2024 Democratic National Convention host city and is expected to see more than 50,000 visitors generating more than $200MM of economic activity over the roughly four-day event
  • Easily accessible to Chicago’s two primary airports – Midway International which recently completed a $74MM renovation, and O’Hare International Airport currently undergoing a massive $8.5B expansion and modernization
Location

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