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German Investor Buys Hyatt Centric The Loop Chicago Hotel

The Hyatt Centric The Loop Chicago sold for $110 million to German investor Deka Immobilien. The 257-room, full-service hotel in the Central Loop area of Chicago was sold by an affiliate of Murphy Development Group.

Developed in 2015 by the seller, the 22-story Art Deco Hyatt Centric The Loop Chicago features a seasonal rooftop bar with panoramic city views, a restaurant and bakery, a cafe, 24-hour fitness center, 2,500 square feet of event space, business center and pet-friendly accommodations. Situated at 100 West Monroe Street, the hotel is centrally located in Chicago’s Loop, in the heart of the financial district and within walking distance to transportation, restaurants, shopping and entertainment.

HFF marketed the property on behalf of the seller, including Jaime Fink, Jeffrey Bramson, Jeff Bucaro and Nicole Aguiar.

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Read more at HFFConnect With HFF’s FinkConnect With Deka Immobilien

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition