Hyatt Sells Three Suburban Chicago Hotels

CHICAGO-Chicago-based Hyatt Hotels Corp. has sold three hotels in suburban Chicago for a total amount of $51 million or about $62,000 per room. The company has sold the 301-room Hyatt Deerfield, the 206-room Hyatt Rosemont and the 316-room Hyatt Lisle to a joint venture of Carrollton, Texas-based Aimbridge Hospitality and New York-based AREA Property Partners.

As per the long-term franchise agreements, the hotels will be functioned under the Hyatt flag. For the full story, go to Crain’s Chicago Business.

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