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Chicago & Midwest  + South Side  + Hospitality  |  March 27, 2024
Jasmine Kilman
By: Jasmine Kilman

Hotel Near Midway Airport Up for Sale for More Than $20M

Holiday Inn Chicago hotel, located near Midway International Airport, has hit the market for $20.5 million. The property is being marketed by Josh Tammen with Marcus & Millichap.

The 158-room hotel at 7353 S. Cicero Ave. was built in 1970 and was previously the Clarion Hotel Chicago Midway, reported the Chicago Business Journal. The five-story hotel is located three blocks from the 1.2 million-square-foot Ford City Mall, 1.8 miles from the airport and 12 miles from downtown Chicago.

The largest companies with a presence within 10 miles of the hotel include Advocate Aurora Health, Walmart and American Airlines. The hotel is owned by the InterContinental Hotels Group PLC, which licenses the name to franchisees and third parties that operate Holiday Inn hotels under management agreements.

Industry leaders and power players are connecting at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. Don’t miss the expert’s take on where the market is headed, and what changes are on the horizon. Register Now!

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Inside The Story

Holiday InnMarcus & MIllichap

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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