Paramount Lodging Advisors Sells Days Inn Chicago

Paramount Lodging Advisors | June 20, 2016

Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Days Inn Chicago. PLA exclusively represented the seller with Managing Directors Brent Clemens and Bennett Webster leading the efforts on the transaction. The sale comes after six decades of ownership by the seller and includes the 133-room hotel and all accompanying ground level retail. "Our team ran a quiet and targeted marketing process that yielded considerable interest from nearly all parties that we approached. The asset's irreplaceable location and strong in-place cash flow is augmented by the retail and made it highly desirable," noted Clemens. Webster added...