Owner and developer Rockbridge has acquired the 200-room Hyatt House Chicago/West Loop-Fulton Market. The hotel is located near Chicago’s downtown West Loop and Fulton Market, a hub for corporate campuses including McDonald’s global headquarters, as well as entertainment, restaurants and nightlife.
Built in 2019, the 14-story property is the only select-service and major brand hotel in the area. The Hyatt House features amenities including flexible meeting space, a rooftop activity center, an indoor pool, a fitness center, a marketplace for grab-and-go snacks and groceries and a bar.
“This Hyatt House hotel is ideally located in Chicago’s Fulton Market—one of the best submarkets in the city,” said Matt Welch, managing director, Rockbridge. “The hotel was built just prior to the COVID-19 pandemic and has strong tailwinds to continue to grow. It will also benefit by leveraging the strengthening of Fulton Market and the Hyatt House brand.”
JLL Hotels & Hospitality Group advised the sellers on the transaction.
Fulton Market has grown into a premier destination for office, residential, restaurants and nightlife in the region, according to the company. In addition to McDonald’s Global HQ, which is located one block from the hotel, there are multiple corporate offices in the area including Aspen Dental, Google, Kimberly Clark, the United Center and others. The hotel is also next to Chicago’s Restaurant Row on Randolph Street.
The post HB Exclusive: Rockbridge acquires Chicago Hyatt House appeared first on hotelbusiness.com.
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