More than 200 results for “hotel”
Hospitality N Illinois

Leslie Danford named new regional head, Midwest of hotel startup

OYO Hotels & Homes, a fast-growing hotel startup, has appointed Leslie Danford as its Midwest regional head. Based in Chicago, Danford brings more than 12 years of experience to OYO and she will be focused on building and strengthening the firm’s operations across 10 states: Nebraska, Kansas, Missouri, Iowa, Minnesota, Wisconsin, Illinois, …

Hospitality N Illinois

Arlington Heights hotel sells for $7.5 million

Marcus & Millichap closed the sale of Comfort Inn, a 125-room hospitality property located at 2120 S. Arlington Heights Road in Arlington Heights, Illinois. The 125-room, three-story, upper midscale, concrete block hotel—featuring elevator service, a business center, fitness center, dry cleaning services and meeting rooms—sold for $7,500,000.

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.

CRE N Illinois

Engineering a renaissance at Willis Tower

| Matt Baker

For close to two years, Chicago’s iconic Willis Tower has been undergoing a $500 million overhaul, including new elevators, lighting and amenities. But the most evident update is the transformation of the building’s base, tearing out the fortified battlement at street level and replacing it with a modern and airy superstructure.

CRE N Illinois

Bo Jackson Elite Sports Facility breaks ground in Bensenville

A groundbreaking ceremony was recently held for the Bo Jackson Elite Sports Facility being constructed at Grand Avenue and County Line Road in Bensenville, Illinois. This event celebrated the official start of construction on the 114,140-square-foot, air supported indoor sports training center. Jeffrey Provenza, vice president of Darwin Rea…

CRE p Tennessee

McHugh Construction names VP in Nashville market

James McHugh Construction Co., the Chicago-based general contractor whose Nashville office opened in 2014, has promoted Ryan Keane to vice president. Keane, formally a senior project manager, will continue to oversee all construction operations for the company’s Nashville office while shifting additional attention to McHugh’s business devel…