Hunter Secures Refinancing For DoubleTree In Skokie, IL
Wednesday April 24th, 2013 - 10:29AM XOBZ
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SKOKIE, IL—Hunter Capital Markets has secured a refinancing of the 369-room DoubleTree by Hilton Chicago-North Shore Conference Center here.
The restructuring was done on behalf of Ultima Hospitality, a Chicago-based hospitality management and real estate investment group.The structured financing involved senior and mezzanine loans for a five-year term.
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For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.