Chicago-based Syndicated Equities Group, a commercial real estate investment firm, recently completed its preferred equity investment for the acquisition of the Hilton DoubleTree and Embassy Suites by Hilton hotels, located at 5460 N. River Road and 5500 N River Road, respectively, in Rosemont, Illinois.
The properties are strategically located along River Road, the primary artery serving Rosemont’s entertainment, office and shopping districts, and are approximately one mile from O’Hare International Airport. As part of the acquisition, new franchise agreements were secured with Hilton.
Syndicated Equities acquired the property in a joint venture alongside Nath Companies, a Minneapolis-based owner and operator of hotels, restaurants and multifamily assets throughout the Midwest. Nath will serve as the property and asset manager.