CBRE Hotels' Nate Sahn, senior vice president, and Douglas Johnson, senior vice president, represented the owners, Tinley Inn LLC and Tinley Gardens LLC, in the sale. This is the second transaction in the past four months that CBRE has completed for the sellers.
The property is proximate to several major corporate demand generators including Ford, Comcast, Panduit and Applied Systems, which helps drive weekday demand, while also being within four miles of the Tinley Park Convention Center and Hollywood Casino Amphitheater and ten miles of Chicagoland Speedway. These three venues drive strong high rated demand to local area hotels including the Hilton Garden Inn throughout the year.
CBRE Hotels is a specialized team within CBRE providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 hospitality professionals located in 60 offices across the globe.