Pending
Marriott
The Meridian Downtown
location_onChicago, Illinois
$96,000,000
Asset Specifications
bed
415
Keys / Rooms
straighten
506,000 SF
Square Feet
calendar_today
2008
Year Built
stairs
24
Stories
crop_landscape
0.9 acres
Lot Size
pool
Indoor
Pool
Investment Overview
A full-service Marriott anchoring Chicago’s West Loop, The Meridian Downtown benefits from direct proximity to the financial district and convention corridor. The offering carries an assumable franchise agreement and a clear value-add thesis through a phased guestroom renovation and F&B repositioning. Under contract with a qualified institutional buyer; back-up interest is being retained.
Financial Performance
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Capitalization Rate••••••
Occupancy••••••
ADR••••••
RevPAR••••••
Gross Income••••••
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