AIMBRIDGE, AREA PROPERTY PARTNERS ACQUIRE THREE CHICAGOLAND HOTELS

LISLE, DEERFIELD AND ROSEMONT, ILL. — Dallas-based Aimbridge Hospitality has partnered with AREA Property Partners to acquire three Hyatt hotels in the Chicago market. According to Aimbridge, the properties will continue to operate under the Hyatt brand and $13.5 million has been allocated for ongoing capital improvements to the properties. The assets are the 316-room Hyatt Lisle, which features 13,200 square feet of meeting space in Lisle; the 301-room Hyatt Deerfield, which offers 15,000 square feet of meeting space in Deerfield; and the 206-room, boutique-style Hyatt Rosemont, which is located in Rosemont. Aimbridge will operate the newly acquired properties.