Homewood Suites in Schaumburg, IL Sold for $5 Million
Schaumburg, IL - January 6, 2011 - Sperry Van Ness, one of the nation's largest commercial real estate brokerage firms, has completed the sale of a 108-room Homewood Suites to Des Plaines, IL-based AAA Hospitality, LLC, for $5 million. The property is located in Schaumburg, IL, a northwest suburb of Chicago. The Homewood Suites is approximately 30 miles from downtown Chicago and approximately 13 miles to O'Hare International Airport. Homewood Suites is the select service/extended stay brand of Hilton Hotels.
Thomas M. Hamm of Sperry Van Ness in Stamford, CT and National Director - Hospitality, represented the sellers, RT Schaumburg, a Delaware Limited Liability Company.
The property was built in 1990 and renovated in 2006. The buyer intends to invest approximately $1.5 million in further modernization.
About Sperry Van Ness: Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 900 advisors in over 150 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets to the brokerage community as well as its own investor data base. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness represents clients in billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svn.com.
Thomas M. Hamm | National Director - Hospitality
Sperry Van Ness / Hamm & Company
P O Box 16853 | Stamford, CT 06907
Phone 203-968-1800
Fax 203-329-9678
Cell 203-979-8387
[email protected] | www.svn.com | www.svnart.com
http://www.cre-advice.com/85-Tom-Hamm-Connecticut-Commercial-Real-Estate.html
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