Assignment
Trimont was engaged by a major global investment bank to provide asset management and servicing on $157 million of securitized senior and subordinate loans.
Asset
The Sheraton Chicago Hotel & Towers is a four star hotel located in the heart of downtown Chicago within walking distance of Navy Pier and Millennium Park. Built in 1992, the hotel consists of 1,209 guest rooms including 48 suites, 120,000 sf of meeting space, and 88,000 sf of ballroom space. In addition, the hotel features a wide array of amenities including a fitness center, indoor heated pool, and full service concierge.
Insights
- The hotel features several restaurants including Shula’s Steakhouse named after legendary football player and coach, Don Shula.
- One of the largest hotels in Chicago, the Sheraton contains the city’s largest ballroom, with an area of one acre.