Portfolio

Navy Pier Hotel

Exceptional ACRON Navy Pier Hotel - Chicago, Illinois

The hotel’s proximity to Chicago’s famous attractions, its location in the center of Chicago’s central business district (CBD), its unique macro and micro location, and its integration into a new master plan for Navy Pier will ensure the success of this investment. The hotel will be integrated into the complete facelift of Navy Pier which celebrated its 100th birthday in 2016 (“the Centennial Vision”) and is the city’s top landmark, attracting more than 9 million visitors annually. This hotel will be the only one on Navy Pier. Investor(s) join(s) a Swiss stock corporation or a Delaware LLC to fund the equity for ACRON Navy Pier Chicago Holding.

Hotel in Detail

Details

Legal form

Swiss stock corporation or Delaware LLC

Address / registered office of the company

open

Year issued

2017

Year closed

open

The Property

Type of use

Upper upscale hotel

Address

Navy Pier
600 East Grand Avenue
Chicago, Illinois 60611, USA

Completion

4th quarter 2018

Keys

222

Floors

7 plus a rooftop lounge

Parking

150 garage spaces

Management Contract

Manager

First Hospitality Group (FHG)

Lease

25 years with two consecutive five-year renewal terms