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23

JW Marriott Chicago Lands $270M Natixis Refi

By Tony Seruga

The 610-key luxury hotel, which opened seven years ago, is located in the former Continental & Commercial National Bank Building in the city’s downtown Loop.

Nearly seven years after opening in the former Continental & Commercial National Bank Building in Chicago’s downtown Loop, the JW Marriott Chicago Hotel has been refinanced with a $270 million loan provided by Natixis, a French corporate and investment bank.

The owners opened the premier luxury hotel at 151 W. Adams St. in the heart of the financial district in November 2010 following a $396 million restoration. Designed by noted architect Daniel Burnham in the early 1900s, the first 12 floors of the former bank building were transformed into a 610-key luxury hotel. The JW Marriott Chicago features 45,000 square feet of meeting space, including 36 meeting rooms and an 8,500-square-foot grand ballroom. Other amenities include The Florentine Italian restaurant and a 20,000 square-foot spa, wellness and fitness center…

JW Marriott Chicago Lands $270M Natixis Refi

Categories : Commercial Real Estate

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