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Hotel Capital Acquires The Tremont Chicago Hotel at Magnificent Mile and Mike Ditka’s Restaurant
Hotel Capital, LLC | June 13, 2018
Hotel Capital LLC, a private equity real estate investment firm, is excited to announce a direct equity investment and acquisition of The Tremont Chicago Hotel at Magnificent Mile located in Chicago, Illinois. The Tremont Chicago Hotel and Mike Ditka's Steakhouse was acquired by Hotel Capital from seller Marriott International, Inc. The Tremont Chicago Hotel is a 16-story, 122-room, boutique hotel and is located in the heart of the Gold Coast between the world-renowned Magnificent Mile and Rush Street. The hotel will retain The Tremont name and undergo a multi-million dollar renovation which will include upgrades to the lobby, all new g...
The Plasencia Group Advises on Sale of the DoubleTree Denver-Westminster Hotel
The Plasencia Group | July 2, 2015
Tampa, Fla. (July 2, 2015) - The Plasencia Group is pleased to announce the sale of the DoubleTree by Hilton Denver-Westminster hotel, located in Westminster, Colorado. The firm represented Burrus Investment Group, the owner of the 180-room hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property. "Upon completion of planned improvements, the hotel in this dynamic Westminster-Denver market is expected to continue to outperform the market due to its superior product differentiation and amenities. These improvements will be completed at an ideal time as Colorado enjoys a record number of visitors," s...
The Plasencia Group Closes Sale of the Embassy Suites Chicago – Schaumburg/Woodfield Hotel
The Plasencia Group | July 2, 2015
Tampa, Fla. (July 2, 2015) - The Plasencia Group is pleased to announce the sale of the Embassy Suites Chicago - Schaumburg/Woodfield hotel, located in Schaumburg, Illinois. The firm represented Burrus Investment Group, the owner of the 209-suite hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property. "Both the seller and buyer benefited from this outstanding transaction. Our client was able to further their corporate strategy of exiting non-strategic assets, and the purchaser was able to acquire the only full-service all-suites hotel in the Schaumburg market. The hotel has shown consistent profit...
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