Hospitality N Illinois
CBRE arranges $33M acquisition loan for Hyatt Regency Deerfield

CBRE arranges $33M acquisition loan for Hyatt Regency Deerfield

CBRE Capital Markets has arranged a $32.9 million loan on behalf of Phoenix Development Partners for the acquisition and renovation of the 301-room Hyatt Regency Deerfield. The property, situated at the convergence of I-94 and I-294, is extremely well-located to serve north suburban Chicago, home to a high concentration of major corporations, including eight Fortune 500 companies.

Hospitality N Illinois
Chicago area hotel debuts app for the visually impaired

Chicago area hotel debuts app for the visually impaired

Chicago-based real estate investor and operator Waterton has teamed up with Boni Global to implement the first U.S. commercial application of Loud Steps, a Wi-Fi-based indoor navigation iPhone mapping tool for the visually impaired. The mobile app is making its debut at the DoubleTree by Hilton Hotel Chicago – North Shore Conference Center in Skokie, Illinois, a Waterton-owned property.