Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Renaissance Chicago O’Hare Suites Hotel, a 362-room, full-service, highly-visible hotel with immediate access to O’Hare International Airport in Chicago, Illinois. The hotel for sale offers investors the opportunity to acquire a recently renovated hotel that is supported by Marriott’s global brand network, in a thriving submarket and unencumbered of management.
The hotel occupies a strategic location at 8500 West Bryn Mawr Avenue that places it within the midst of 2.37 million square feet of Class A office space with immediate proximity to the amenities in Rosemont, a Chicago suburb. With frontage along I-90, the hotel for sale benefits from superb presence and visibility along the interstate. In addition to O’Hare International Airport, Renaissance O’Hare has immediate access to the Rosemont and Cumberland CTA Blue Line stops and two of Chicago’s most integral expressways: Interstates 90 and 294. The transportation lines serve as a link to downtown Chicago, which provides the O’Hare submarket with a huge competitive advantage, and allows employers to tap into the highly-educated workforce residing within the Chicago CBD and surrounding neighborhoods.
Due to its central location, proximity to O’Hare International Airport and access to public transportation, the O’Hare submarket, where the hotel is located, has led the suburban office recovery. Many companies have identified the O’Hare submarket as the ideal location for a new office or a consolidation of multiple locations. Geographically, O’Hare sits in the center of the Chicago metro area providing the middle ground for employees coming from surrounding locations, not to mention immediate access to the airport for multimarket companies. Additionally, O’Hare is the only major submarket providing direct access to the CTA’s elevated train lines to and from the city, allowing convenient public transportation for city-dwelling staff members.
Renaissance O’Hare is a 15-story hotel tower that features 14 meeting rooms containing a total of 9,400 square feet of meeting space and ballroom space, fitness center, swimming pool, spa, ample parking, an airport shuttle and multiple food and beverage options, including the Asado Urban Grill, R Bar, Starbucks and The Market. All rooms are suites with large room sizes averaging approximately 440 square feet that are well suited for the corporate and leisure market.