Chicago Hotel Sale Amid Tourism Push

Chicago’s Loop just saw a major hotel sale as JAMP Hotels scoops up a La Quinta for $30.5 million, part of a larger wave of deals amid financial pressure on Highgate Hotels. With looming loan defaults and 14 other hotels already sold, JAMP’s CEO Jaymin Patel sees big potential in downtown Chicago’s rebounding tourism scene. Meanwhile, the historic Blackstone Hotel changed hands last month, and hotel owners are self-imposing a 1.5% surcharge to fund Choose Chicago’s tourism push — all signs the city’s hospitality sector is reshaping fast. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9c76f74cf45ccacf