NAPERVILLE, IL-AREA Property Partners has partnered with Carrollton, TX-based Aimbridge Hospitality to acquire three Hyatt Hotels in suburban Chicago. The joint venture partnership paid $51 million to buy the hotel portfolio, which consists of: Hyatt Lisle, close to downtown Naperville; Hyatt Deerfield, in Chicago’s North Shore area; and Hyatt Rosemont, near O’Hare Airport.   

The venture bought the hotels directly from Hyatt Hotels Corp., which has owned and operated the assets since they opened, according to John Jacobsson, a partner with New York City-based AREA Property Partners.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.