CBRE Hotels Sells Wyndham Lisle-Chicago Hotel & Executive Meeting Center

Chicago, Illinois – November 11, 2013 – CBRE Hotels is pleased to announce the sale of the Wyndham Lisle-Chicago Hotel & Executive Meeting Center located off Interstate 88 within the Lisle-Naperville neighborhood, the top corporate suburban market in the Chicago West suburbs. An affiliate of Glenmont Capital Management, LLC, a New York based real estate investment firm, sold the property to Vinayaka Hospitality Lisle, LLC a locally based hotel company. Ownership has plans for a comprehensive renovation as the hotel was converted to a Sheraton upon sale.

The 242-room, 8-story Wyndham includes nearly 25,000 square feet of meeting space with an 11,000 square foot Grand Ballroom, the largest in the competitive set. In addition, the hotel features multiple food and beverage options and a 17,000 square foot pool and fitness area. The Wyndham was constructed in 1986 and renovated in 2008.

The CBRE Hotels’ Chicago team consisted of Senior Vice President Nate Sahn and Associate Drew Noecker who represented the seller in this transaction.

Mr. Sahn commented, “With the conversion to Sheraton and a multi-million dollar renovation planned, new ownership should be able to compete effectively with the other first class full-service hotels in the market, which include the Marriott, Hyatt and Hilton, for higher rated transient, and corporate/social group demand.”

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.