CBRE Hotels, a specialized team within CBRE, announced that it has arranged two recent sales in the Midwestāthe sales of the 219-room Marriott West Des Moines in Iowa to Kinseth Hospitality and the 428-room DoubleTree by Hilton Hotel ChicagoāOak Brook in Illinois.
CBRE Hotelsā Nate Sahn, senior vice president in Chicago, and Arpit Shah, first vice president in Charlotte, represented the seller in the Marriott transaction while Sahn and CBRE’s Peter Greene, first vice president in Chicago, represented the DoubleTree sellerāPHF Oak Brook LLC, an affiliate of Fillmore Capital Partners.
The completion of the Marriott sale adds CBRE Hotelsā third hotel transaction in Des Moines within the last eight months. The other two deals included the Marriott Des Moines Downtown and the Hyatt Place Des Moines Downtown.
The DoubleTree Oak Brook is located in aĀ business district near several corporate headquarters and a short drive from Chicago’s OāHare International and Midway International Airports. The hotel hasĀ 35,000 sq. ft. of meeting space, including a grand ballroom and outdoor gazebo, as well as the Atrium CafĆ©, the Foxes Sports Bar and Grille, and in-room dining service. The hotel offers a wide range of additional amenities to support group business including a leased barber shop, three shuttle vans, technology-equipped meeting spaces, a shoe shine station, and a business center.
Photo: DoubleTree by Hilton ChicagoāOak Brook