{"id":1004227233,"date":"2018-05-03T09:33:37","date_gmt":"2018-05-03T17:33:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227233"},"modified":"2022-12-08T21:01:21","modified_gmt":"2022-12-09T05:01:21","slug":"cbre-arranges-33m-in-financing-for-hyatt-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-33m-in-financing-for-hyatt-hotel\/","title":{"rendered":"CBRE Arranges $33M in Financing for Hyatt Hotel"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004227251\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004227251\" data-attachment-id=\"1004227251\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-33m-in-financing-for-hyatt-hotel\/hyatt-regency-deerfield-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png\" data-orig-size=\"800,620\" 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=\"Hyatt Regency Deerfield, Ill.\" data-image-description=\"&lt;p&gt;Hyatt Regency Deerfield, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Hyatt Regency Deerfield, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png?w=800\" loading=\"lazy\" class=\"wp-image-1004227251 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png\" alt=\"Hyatt Regency Deerfield, Ill.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hyatt-Regency-Deerfield-Ill..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227251\" class=\"wp-caption-text\">Hyatt Regency Deerfield, Ill.<\/p><\/div>\n<p>CBRE Capital Markets has secured a $32.9 million loan on behalf of Phoenix Development Partners for the acquisition and renovation of Hyatt Regency Deerfield. The 301-key hotel serves north suburban Chicago and is managed by Aimbridge Hospitality.<\/p>\n<p>\u201c<em>We found numerous lenders interested in providing the financing for Phoenix, a reflection of the strength of the location, brand and Phoenix\u2019s redevelopment strategy for the property,<\/em>\u201d said Bill Howe, a vice president with CBRE and one of the brokers who arranged the loan, in a prepared statement. <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-27m-loan-for-minneapolis-hotel\/\">Senior Vice President Jonathan Rice<\/a> also helped finalize the transaction.<\/p>\n<h2>Convenient location<\/h2>\n<p>The asset is located off the interchange between interstates 94 and 294. It is 20 minutes from Chicago O\u2019Hare Airport and another short ride from Six Flags Great America Theme Park, Art Institute of Chicago and Sears Tower Skydeck. The area is home to several large corporations, including eight Fortune 500 companies.<\/p>\n<p>In addition to the luxury hotel suites, the property consists of 20,000 square feet of meeting and event space, a bistro and lounge, as well as a Starbucks kiosk. Amenities include free Wi-Fi, a heated indoor swimming pool, 24-hour fitness center and on-site parking.<\/p>\n<p><em>Image courtesy of CBRE \u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.<\/p>\n","protected":false},"author":1064,"featured_media":1004227251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21825,21751,13,21742],"tags":[35456,32789,33185],"class_list":["post-1004227233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-finance","category-hotel","category-midwest","category-latest","tag-aimbridge-hospitality","tag-cbre","tag-hyatt"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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