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
- Lender owned 362-room all-suite Marriott Renaissance O’hare Chicago
- Ability to relicense Marriott with a new long-term license agreement upon completion of a PIP
- Strong residual operational upside in transitioning out of lender control and receiver management to regional investor with local operating economies
- Leasehold interest in the 2005 build asset offered at substantial discount to replacement cost
- Approximately 9,500 SF of flexible meeting & banquet space with onsite dedicated covered parking garage
- Readily accessible and directly visible from Interstate-90 with upwards of 200,000 vehicles passing the location daily
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 16 |
| Property Subtype | Hotel | Year Built/Renovated | 2005/2016 |
| 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 | 2005/2016 |
| 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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