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Chicago & Midwest  + Downtown  + Hospitality  | 

Kinzie Hotel in River North Lands $30M Refi

HFF has arranged a $30.5-million refinancing for the Kinzie Hotel, a 215-room boutique property in Chicago’s River North neighborhood. The three-year, floating rate loan was placed with Annaly Commercial Real Estate Group, on behalf of Bixby Bridge Capital and Urbana Holdings.

Loan proceeds were used to refinance the existing mortgage, in conjunction with installing Urbana Varro as the new hotel management company. The HFF team representing the borrower consisted of Danny Kaufman, Jeff Bucaro and Nicole Aguiar.

Constructed in 2003 as an Amalfi Hotel, the property at 20 W. Kinzie St. was renovated and transformed in 2014 into the Kinzie Hotel. The hotel, which occupies the first six floors of a 385,000-square-foot, Class A office building, has its own lobby entrance and elevators on the first floor.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing