Chicago Marriott North Conference Hotel
Ownership has elected to pursue a strategic sale following years of successful operations as part of a broader portfolio rebalancing initiative.
Marriott-Branded Hotel For Sale in Chicago, Illinois – $42.5 Million
Business Name
Chicago Marriott North Conference Hotel
Industry
Website
Address
Country: United States
Address Line 1: 5500 North River Road
Address Line 2:
City: Chicago
State: Illinois
ZIP Code: 60018
Years in Business
27
Business For Sale
Sales Price
$42,500,000
Describe Your Business
Chicago Marriott North Conference Hotel is a full-service, Marriott-branded hospitality property strategically located near Chicago's business district, major transportation corridors, convention venues, and one of the nation's busiest airports. The hotel serves business travelers, convention attendees, leisure guests, corporate accounts, airline crews, tour groups, weddings, and regional events.
The property features approximately 285 guest rooms and suites, extensive conference and banquet facilities, a full-service restaurant and lounge, meeting rooms, fitness center, indoor swimming pool, executive business center, gift shop, ample parking, and modern guest amenities. Revenue is generated through room bookings, food and beverage sales, conference rentals, weddings, corporate events, catering, parking, and ancillary hospitality services.
The hotel benefits from recurring corporate contracts, loyalty program participation through its franchise affiliation, professional on-site management, and strong regional tourism and convention demand. Continued investment in guest experience, revenue management software, digital marketing, and operational technology has contributed to stable occupancy and long-term profitability.
This acquisition opportunity is well suited for hospitality investment groups, hotel ownership companies, private equity firms, REITs, institutional investors, family offices, and experienced hotel operators seeking an established hospitality asset in a major metropolitan market.
Why Are You Selling?
Ownership has elected to pursue a strategic sale following years of successful operations as part of a broader portfolio rebalancing initiative. The hotel continues to perform well and offers meaningful upside through property renovations, enhanced food and beverage concepts, expanded conference marketing, and operational efficiencies.
Chicago remains one of the country's strongest hospitality markets due to its diverse economy, convention business, tourism, higher education institutions, healthcare systems, and corporate headquarters. Future ownership can capitalize on continued demand for business travel, group events, weddings, and regional conferences.
Qualified buyers utilizing commercial hotel acquisition financing, SBA financing (where applicable for qualified owner-operators), CMBS financing, hospitality private equity, institutional investment, REIT capital, family office funding, or seller financing are encouraged to inquire. Ownership will provide transition support to facilitate a seamless transfer of operations.
How Will the Funds be Used?
As this is a business acquisition opportunity, proceeds from the transaction will support ownership transition.
Prospective buyers may utilize financing for:
Commercial hotel acquisition financing
Hospitality real estate financing
CMBS loans
SBA acquisition financing (subject to eligibility)
Seller financing for qualified purchasers
Property Improvement Plan (PIP) renovations
Guest room modernization
Meeting and banquet facility upgrades
Restaurant and lounge renovations
Technology modernization and energy efficiency improvements
Working capital following acquisition
Following acquisition, ownership may further increase revenue through expanded corporate partnerships, conference bookings, premium guest experiences, digital marketing initiatives, loyalty program optimization, and strategic capital improvements.
Annual Revenue
$10M+
Timeline
90+ Days
Primary Contact
First Name: David
Last Name: Reynolds
Phone: (312) 555-8436
Notes
Property financial statements, franchise agreements, STR reports, occupancy metrics, average daily rate (ADR), revenue per available room (RevPAR), management agreements, employee information, and operating forecasts have been withheld from this public listing to maintain confidentiality. Qualified buyers may receive a Confidential Information Memorandum (CIM), historical financial statements, appraisal reports, property condition assessments, and access to a secure virtual data room after execution of a mutually acceptable Non-Disclosure Agreement (NDA).
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