The hotel is across the street and connected to the Donald E. Stephens Convention Center and near the Rosemont Theater, the asset also is a quarter-mile south of the Chicago Transit Authority's River Road Blue Line station. The hotel opened in 2000, and was sold that year for $43 million, according to property records. Los Angeles-based Lowe Enterprises Investment Management declined to disclose the most recent price.
"It's a relatively new property and well-positioned to appeal to both the business and leisure traveler," says Lowe Enterprises Investment Management president Theodore M. Leary, whose company previously owned and managed the nearby Rosemont Suites Hotel, now an Embassy Suites.
In addition to 13,000 sf of meeting space, business center, an indoor pool and fitness center, a Gibson's restaurant and lounge.
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