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$270M Refi Arranged for Chicago’s JW Marriott
Natixis provided a $270-million five-year, fixed-rate loan to a subsidiary of UST XIX 208 S LaSalle, a German real estate investment fund managed by affiliates of Estein USA based in Orlando. The loan was made to refinance the JW Marriott Chicago, a premier luxury hotel located within Chicago’s Downtown Loop.
Originally, the property served as the Continental & Commercial National Bank Building, and was designed by noted architect Daniel Burnham in the early 1900s. The first 12 floors of the building were transformed into a 610-room luxury hotel in 2010. The JW Marriott Chicago features 45,000 square feet of meeting space, a 20,000-square-foot world-class spa and fitness center, and a full-service seasonal Italian restaurant.
HFF’s Danny Kaufman and Jeff Bucaro arranged the financing.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing