CHICAGO--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announces the $110 million sale of Hyatt Centric The Loop Chicago, a 257-room, full-service hotel in the Central Loop area of Chicago, Illinois.
The HFF team marketed the property on behalf of the seller, an affiliate of Murphy Development Group. Deka Immobilien purchased the asset.
Developed in 2015 by the seller, the 22-story Art Deco Hyatt Centric The Loop Chicago features the AIRE seasonal rooftop bar with panoramic city views, Cochon Volant restaurant and bakery, The Corner cafe, 24-hour fitness center, 2,500 square feet of event space, business center and pet-friendly accommodations. Situated at 100 West Monroe Street, the hotel is centrally located in Chicago’s Loop in the heart of the financial district and within walking distance to transportation, restaurants, shopping and entertainment.
The HFF investment sales team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson, senior director Jeff Bucaro and associate Nicole Aguiar.
“Jaime Fink and the HFF team did an exceptional job in developing a unique structured transaction which proved to successfully meet the business objectives of both buyer and seller,” said John Murphy of Murphy Development Group. “We are satisfied with the results and look forward to our long-term engagement with Deka Bank.”
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.