8500 W Bryn Mawr Ave | Chicago, IL 60631
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- LoopNet Team
8500 W Bryn Mawr Ave
Chicago, IL 60631
Renaissance Chicago O'Hare Suites Hotel · Hospitality Property For Sale · 320,528 SF
Investment Highlights
- Well-Positioned Marriott Branded Hotel with Significant Upside Potential: Hotel underwent a ±$7.6 million (±$21,000 per key) refresh in 2016
- Exceptional Location Proximate to One of the Nation’s Busiest Airports
- Robust Lodging Market Performance: Chicago MSA lodging market performance over the past cycle - 4.7% RevPAR CAGR between 2009 and 2019.
- Attractive Discount to Replacement Cost
- High Density of Corporate & Leisure Demand: proximate to employers like US Foods (HQ), Wintrust Financial (HQ), True Value (HQ), Reyes Holdings (HQ)
- Unencumbered by management
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 16 |
| Property Subtype | Hotel | Year Built/Renovated | 2005/2014 |
| Building Class | A | Parking Ratio | 0.37/1,000 SF |
| Lot Size | 3.08 AC | Corridor | Interior |
| Building Size | 320,528 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 3.08 AC |
| Building Size | 320,528 SF |
| No. Stories | 16 |
| Year Built/Renovated | 2005/2014 |
| Parking Ratio | 0.37/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
- Digital key
PROPERTY TAXES
| Parcel Number | 12-02-304-010-0000 | Improvements Assessment | $23,915,520 |
| Land Assessment | $1,005,480 | Total Assessment | $24,921,000 |
PROPERTY TAXES
Parcel Number
12-02-304-010-0000
Land Assessment
$1,005,480
Improvements Assessment
$23,915,520
Total Assessment
$24,921,000
zoning
| Zoning Code | B3-1 |
| B3-1 |
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