CHICAGO-Hyatt Hotels Corp., headquartered in Chicago, is selling a portfolio of eight hotels, including a property in Lombard, to a real estate investment trust based in South Dakota. The company is selling Hyatt Place, a 151-room hotel at 2340 S. Fountain Square Drive in Lombard, to Sioux Falls, South Dakota-based Summit Hotel Properties Inc.
The portfolio comprises a total of 1,043 guest rooms. Summit will pay approximately $87.4 million for the properties. For the full story, go to Crain's Chicago Business .
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