HFF sells Hyatt Centric The Loop Chicago hotel in US for $110m

Real estate services provider Holliday Fenoglio Fowler (HFF) has announced the sale of Hyatt Centric The Loop Chicago in Illinois, US to Deka Immobilien for $110m.

HFF marketed the 257-room hotel on behalf of the seller, an affiliate of Murphy Development Group.

The 22-storey Art Deco Hyatt Centric The Loop Chicago was developed in 2015 by the seller and features the AIRE seasonal rooftop bar, Cochon Volant restaurant and bakery.

Other amenities include the Corner cafe, 24-hour fitness centre, 2,500ft² of event space, business centre and pet-friendly accommodations.

The property is situated at 100 West Monroe Street and is centrally located in Chicago’s Loop in the heart of the financial district. It is close to transportation, restaurants, shopping and entertainment.

John Murphy of Murphy Development Group said: “Jaime Fink and the HFF team did an exceptional job in developing a unique structured transaction which proved to successfully meet the business objectives of both buyer and seller.

“We are satisfied with the results and look forward to our long-term engagement with Deka Bank.”

HFF and its affiliates operate out of 24 offices.