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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 · 1 events

Transactions

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

Morning blotterCompare a cited single

All years2025202320222020
Public filingDec 3, 2025

Westin Michigan Avenue Chicago — Pebblebrook disposition

The Westin Michigan Avenue Chicago · 752 keys · Upper upscale

Consideration

$72.0M

$96k / key

Pebblebrook 8-K: $72.0 million for the 752-room Westin Michigan Avenue Chicago, before a brand-mandated PIP. Not a rooms-only trophy PPK.

Pebblebrook Hotel Trust Form 8-K, December 3, 2025 (press dated December 4)

Pebblebrook closed the 752-room Westin Michigan Avenue Chicago on December 3, 2025 for $72.0 million to a third party. Pebblebrook’s 15.6x EBITDA / 3.5% NOI lines are before a brand-mandated PIP and other significant capex — that is Pebblebrook’s narrative, not a second price. Buyer unnamed. Magnificent Mile box, not a River North boutique.

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