CBRE Hotels Sells Comfort Inn & Suites Chicago South

​​Chicago, Illinois – February 7, 2014 – CBRE Hotels is pleased to announce the sale of the 66-room Comfort Inn & Suites Chicago South located at 18400 Spring Creek Drive in Tinley Park, a Will County suburb of Chicago, Illinois. Platinum Hospitality sold the property to a private investor who plans to retain the Comfort Inn & Suites franchise.

The three-story Comfort Inn & Suites opened in 2000 and received comprehensive renovations at the end of 2011. The hotel benefits from its high barrier to entry location with deed restrictions for further hotel development as well as its convenient highway access off Interstate 80.

The CBRE Hotels’ Chicago team consisted of Senior Vice Presidents Nate Sahn and James Johnson who represented the seller in this transaction.

Mr. Sahn commented, “The Comfort Inn & Suites represented an excellent acquisition for new ownership to take advantage of an improving Chicago lodging market and further capitalize on the hotel’s strong location.”

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.