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Sales of Hotels in Chicago Rise in 2011

Dec 20, 2011 7:24 AM

From Chicago Real Estate Daily:
More Distressed Properties Expected to Trade in 2012
Sales of [Chicago area] hotels jumped in 2011, but the market has lost some of its oomph since the summer. Nineteen hotels have changed hands this year for a combined $705.5 million, up 83% from $386.0 million in 2010, when six hotels traded, according to Jones Lang LaSalle Hotels, a unit of Chicago-based Jones Lang LaSalle Inc. Click here for the full story.

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