CHICAGO Jones Lang LaSalle Hotels arranged the sale of the 424-room Westin River North to THR Chicago LLC on behalf of Lend Lease Real Estate Investment s Value Enhancement Fund III.
According to Thomas Fisher, senior vp of Jones Lang LaSalle Hotels, who spearheaded the deal, “The international competition for this fee-simple, unencumbered asset was intense, which resulted in one of the highest price-per-key transactions of an existing hotel in the Chicago marketplace.” (12/18/00)