CBRE Hotels Sells Oak Brook Resort | Oak Brook, Illinois

Chicago, Illinois – April 23, 2014 – CBRE Hotels is pleased to announce the sale of the Oak Brook Hills Resort located at 3500 Midwest Road in Oak Brook, Illinois, one of the most desirable markets for corporations in the Chicago West suburbs. The leasehold interest in the adjacent Willow Crest Golf Club was also included in the transaction. The buyer plans to brand the asset with a nationally recognized franchise at a future date.

The 386-room, 12-story Oak Brook Hills Resort includes the Willow Crest Golf Club and nearly 42,500 square feet of meeting space with an 13,432 square foot Grand Ballroom, making it an ideal setting for luxurious weddings and social events. In addition, the property features numerous food and beverage options, a state-of-the-art fitness center, a large indoor pool with a lap lane, and an outdoor pool. The hotel was constructed in 1987 and has been continually renovated, which has been crucial to keeping the asset competitive with other hotels in the area.

Senior Vice President Nate Sahn and Associate Drew Noecker from CBRE Hotels’ Chicago office and Senior Vice President Andy Wimsatt from CBRE Hotels’ Washington D.C. office represented the seller, Diamondrock Oakbrook Tenant, LLC, in this transaction.

Mr. Sahn commented, “The Oak Brook Hills Resort offered new ownership the opportunity to implement their own vision for the asset and capitalize on its strategic location proximate to area corporations and the affluence of Oak Brook and its surrounding communities.”

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 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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