Walker & Dunlop announced that it arranged $92 million to refinance the Hiltons at McCormick Place, a 23-story, 466-key tri-branded hotel connected to the McCormick Place Convention Center in Chicago.
Walker & Dunlop New York Capital Markets arranged the loan on behalf of McHugh Enterprises and First Investors, with Access Point Financial providing the capital for the floating-rate, interest-only loan.
Walker & Dunlop Hospitality partnered alongside the Capital Markets team to advise McHugh Enterprises and First Investors throughout the process.
The Hiltons at McCormick Place is the first and only tri-branded Hilton select-service property in the United States, combining Hilton Garden Inn, Hampton Inn and Home2 Suites offerings. This innovative concept unites two of Hilton’s leading upscale select-service brands with one of the industry’s fastest-growing extended-stay concepts. Guests enjoy two hotel-operated food and beverage outlets, three full
