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CBRE Hotels Closes Sales of Lake County, IN Properties
CBRE has arranged the sale of a 257-room, select-service Marriott hotel portfolio in Hammond, IN, within Indiana’s Lake County. Located along I-80/94 at the Kennedy Avenue interchange and just under 30 miles from Chicago, the assets are within walking distance of one another and were sold in two separate transactions in late July and early August.
CBRE Hotels’ Nate Sahn and James Foxx represented the seller in these transactions. Buyers and pricing weren’t disclosed.
“This portfolio represents a trio of stable, well-located assets that were performing extremely well through COVID, which speaks to the strength of the Hammond lodging market,” said Sahn, EVP with CBRE Hotels. “This performance fueled strong interest in the offering from multiple investors.”
- ◦Sale/Acquisition