{"id":1004208575,"date":"2018-02-28T06:07:01","date_gmt":"2018-02-28T14:07:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004208575"},"modified":"2022-12-08T17:42:30","modified_gmt":"2022-12-09T01:42:30","slug":"hff-arranges-39m-loan-for-chicago-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/","title":{"rendered":"HFF Arranges $39M Loan for Chicago Hotel"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004208576\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004208576\" data-attachment-id=\"1004208576\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/chicago-marriott-schaumburg\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png\" data-orig-size=\"800,634\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Chicago Marriott Schaumburg\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png?w=800\" loading=\"lazy\" class=\"wp-image-1004208576 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png\" alt=\"Chicago Marriott Schaumburg\" width=\"300\" height=\"238\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png?resize=300,238 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png?resize=768,609 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004208576\" class=\"wp-caption-text\">Chicago Marriott Schaumburg<\/p><\/div>\n<p>HFF has secured a $38.7 million loan for the acquisition and renovation of Chicago Marriott Schaumburg, a 398-key hotel located in suburban Chicago. The firm worked\u00a0on behalf of the borrower, an affiliate of Arbor Lodging Partners, to secure the\u00a0three-year (and one-year extension), floating-rate loan with Ladder Capital.\u00a0Arbor Lodging Management is overseeing the property. This purchase marks Arbor\u2019s first acquisition in the Chicago market.<\/p>\n<p>The 13-story hotel offers 183 double and 211 king guest rooms\u00a0as well as four presidential suites. Located at 50 N. Martingale Road in the Chicago suburb of Schaumburg, the Marriott\u00a0property is close to a selection of golf courses,\u00a0the city&#8217;s downtown and the Woodfield Corporate Center complex\u2014a Class A office\u00a0building totaling more than three million square feet. Additionally, the\u00a0asset is less than a mile from Woodfield Mall, the largest shopping center in Illinois, with more than 2.2 million square feet of restaurant and retail space.<\/p>\n<p>Built in 1983 and renovated in 2007, the hotel offers 21 meeting and event rooms totaling roughly 18,000 square feet. Other features include:<\/p>\n<ul>\n<li>fitness center<\/li>\n<li>business center<\/li>\n<li>indoor and outdoor swimming pools<\/li>\n<li>two restaurant venues<\/li>\n<li>valet dry-cleaning<\/li>\n<li>on-site laundry<\/li>\n<li>beauty shop<\/li>\n<\/ul>\n<h2>Major renovation plan<\/h2>\n<p>The new owners plan to upgrade\u00a0all guest rooms and bathrooms, the lobby, the dining rooms and the meeting facilities. The property will continue to operate as a Marriott hotel. Senior Director Jeff Bucaro and Associate Nicole Aguiar, along with Managing Director Tony Malk and Directors Matt Enright and Bryan Rosenberg, were part of the debt placement team that represented the borrower.<\/p>\n<p>In another recent deal, HFF represented the seller and procured the buyer, Hertz Investment Group, in the acquisition of a Class A three-building <a href=\"https:\/\/www.commercialsearch.com\/news\/hertz-investment-acquires-807-ksf-houston-office-campus\/\">office property in Houston<\/a>.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago. <\/p>\n","protected":false},"author":436,"featured_media":1004208576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21825,21751,13,21742],"tags":[34684,32792,33877],"class_list":["post-1004208575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-finance","category-hotel","category-midwest","category-latest","tag-arbor-lodging-partners","tag-hff","tag-marriott"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Arranges $39M Loan for Chicago Hotel - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/","og_locale":"en_US","og_type":"article","og_title":"HFF Arranges $39M Loan for Chicago Hotel","og_description":"The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-02-28T14:07:01+00:00","article_modified_time":"2022-12-09T01:42:30+00:00","og_image":[{"width":800,"height":634,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png","type":"image\/png"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/","name":"HFF Arranges $39M Loan for Chicago Hotel - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png","datePublished":"2018-02-28T14:07:01+00:00","dateModified":"2022-12-09T01:42:30+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chicago-Marriott-Schaumburg.png","width":800,"height":634},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-39m-loan-for-chicago-hotel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Arranges $39M Loan for Chicago Hotel"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. 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