CBRE Hotels arranged the sale of the 108-room Country Inn & Suites at 600 N. Milwaukee Avenue in Prospect Heights, Illinois to Palwaukee Hospitality, LLC. CBRE Hotels’ Brian Silberman, Scott Miller, Paul DeLucia and Matt McClure represented the owner, RK Hospitality, LLC, in the sale.
The Country Inn & Suites Prospect Heights is conveniently situated next to Chicago’s Executive Airport, less than 1.5 miles from Interstate 294 and only 8 miles from Chicago’s O’Hare International Airport. The excellent location affords business and leisure guests easy accessibility to explore and navigate the area.
“The hotel’s five-story, concrete and steel structure will allow Palwaukee Hospitality, LLC the opportunity to convert the hotel to a Holiday Inn Express & Suites by the summer of 2019,” said Silberman, senior vice president, CBRE Hotels.
CBRE Hotels is a specialized team within CBRE providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.