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Midwest · gateway

Chicago

River North, Magnificent Mile, and adaptive-reuse boutiques. Winter seasonality and union labor belong in the first memo page. Sunstone’s 2022 Hyatt Centric Magnificent Mile $67.5 million tape is a leasehold — not a fee palace, not Xenia’s 2022 Kimpton Hotel Monaco Chicago $36.0 million tape, not Park’s 2022 Hilton Garden Inn Chicago/Oakbrook Terrace $9.4 million / 128 tape, and not a suburban Lombard or Hoffman Estates Hyatt Place. Embassy Suites Chicago + Hilton Garden Inn Magnificent Mile $129.5 million stays combined until a filing splits named singles.

Hotels
8
Graph events
8
Cited prices
6
Desks
9

Hotels

Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.

Chicago · Upscale

Hyatt Place Chicago/Hoffman Estates

126 keys · Hoffman Estates · Hyatt Place

Northwest-suburban Hyatt Place. Summit sold the 126-key house in May 2023 for $3.0 million (FY2024 Exhibit 99.1 sold table). Day unnamed — Harbor uses the first of May. Buyer unnamed. Summit’s $7.2 million foregone-capex line is Summit’s narrative, not a second price. Not a Michigan Avenue tape. Not the Lombard $10.5 million tape.

EstimateDesk estimatePropertyTape folioMarket folio

Chicago · Upper upscale

Kimpton Hotel Monaco Chicago

191 keys · Chicago · Hotel Monaco

Downtown Chicago Kimpton. Xenia sold the 191-key house in January 2022 for $36.0 million (Q1 2022 10-Q). Day-of-month unnamed — Harbor uses the first of January. Buyer unnamed. Use the $36.0 million sale price, not a net-proceeds line. Not Hotel Monaco Seattle $63.25 million and not a suburban Lombard Hyatt Place.

EstimateDesk estimatePropertyTape folioMarket folio

Chicago · Upscale

Hilton Garden Inn Chicago/Oakbrook Terrace

128 keys · Oakbrook Terrace · Hilton Garden Inn

West-suburban Oakbrook Terrace Garden Inn. Park sold the 128-key house in July 2022 for $9.4 million (Q2 2022 Exhibit 99.1). Buyer unnamed. Harbor uses the first of July rather than inventing a closing day. Use that hotel price, not Park’s $73,000/key rounding and not the 10-Q “approximately $9 million” line. Not a Michigan Avenue tape, not Summit’s Lombard or Hoffman Estates Hyatt Place, and not Hilton Garden Inn LAX/El Segundo $37.5 million / 162. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together.

EstimateDesk estimatePropertyTape folioMarket folio

Desks covering this market

Public coverage lists, not a claimed book. Open a desk for the graph timeline.

Public tape · 4 events

Transactions

Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.

Morning blotterCompare a cited single

All years2025202320222020
Public filingPark soldJul 1, 2022

Hilton Garden Inn Chicago/Oakbrook Terrace — Park disposition

Hilton Garden Inn Chicago/Oakbrook Terrace · 128 keys · Upscale

Consideration

$9.4M

$73k / key

Park Q2 2022 Exhibit 99.1: $9.4 million for the 128-room Hilton Garden Inn Chicago/Oakbrook Terrace. West-suburban Garden Inn — not a Michigan Avenue PPK.

Park Hotels & Resorts Exhibit 99.1, second quarter 2022 (sold July)

Park sold the 128-room Hilton Garden Inn Chicago/Oakbrook Terrace in July 2022 for $9.4 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $9.4 million ÷ 128. The same Q2 2022 Exhibit 99.1 names July, the 128 rooms, and that price. Use the $9.4 million hotel price, not Park’s $73,000/key rounding and not the 10-Q “approximately $9 million” line. Buyer unnamed. Not a Michigan Avenue tape, not Summit’s Lombard or Hoffman Estates Hyatt Place, and not Hilton Garden Inn LAX/El Segundo $37.5 million / 162. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together. The $102 million April–June 2022 proceeds line and the $149 million 2022 proceeds line stay combined. Older than the 2025–26 blotter cut.

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Public filingSunstone soldFeb 1, 2022

Hyatt Centric Chicago Magnificent Mile — Sunstone leasehold disposition

Hyatt Centric Chicago Magnificent Mile · 419 keys · Upper upscale

Consideration

$67.5M

$161k / key

Sunstone Exhibit 99.1: $67.5 million contractual for the leasehold interest in the 419-room Hyatt Centric Chicago Magnificent Mile. Leasehold — not a fee palace PPK.

Sunstone Hotel Investors Exhibit 99.1, February 22, 2022 (closed February 1)

Sunstone sold the leasehold interest in the 419-room Hyatt Centric Chicago Magnificent Mile on February 1, 2022 for a contractual sale price of $67.5 million. Harbor PPK is $67.5 million ÷ 419 and is a leasehold number — do not apply it as a fee-simple Magnificent Mile rooms deed. Use the $67.5 million contractual price, not the $67.231 million net (which includes a $4.0 million December 2021 deposit). Sunstone’s 13.3x / 5.6% 2019 lines are Sunstone’s narrative, not a second hotel price. Buyer unnamed. Embassy Suites Chicago + Hilton Garden Inn Magnificent Mile $129.5 million pair stays combined. Not a suburban Lombard or Hoffman Estates Hyatt Place. Older than the 2025–26 blotter cut.

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Public filingJan 1, 2022

Kimpton Hotel Monaco Chicago — Xenia disposition

Kimpton Hotel Monaco Chicago · 191 keys · Upper upscale

Consideration

$36.0M

$188k / key

Xenia Q1 2022 10-Q: $36.0 million for the 191-room Kimpton Hotel Monaco Chicago. January 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a leasehold Mag Mile PPK.

Xenia Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (January close; day unnamed)

Xenia sold the 191-room Kimpton Hotel Monaco Chicago in January 2022 for $36.0 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $36.0 million ÷ 191. Use the $36.0 million sale price, not a net-proceeds line. Buyer unnamed. Not Hotel Monaco Seattle $63.25 million, not Kimpton Hotel Monaco Denver $69.8 million, and not Sunstone’s Hyatt Centric Magnificent Mile $67.5 million leasehold. Older than the 2025–26 blotter cut.

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