January 27, 2016 Comments Off on $36M Loan Okayed for New Chicago Marriott Views: 402 California News, Illinois, Midwest, National News

$36M Loan Okayed for New Chicago Marriott

Associated Bank and Inland Bank have reportedly teamed up to provide $36 million in financing for construction of a 195-room Marriott Autograph Collection Hotel in the Streeterville neighborhood, near Chicago’s Gold Coast. Associated Bank also provided funding for the land acquisition.

ECD Co. affiliate, SMASHotels Chicago LLC, will reportedly develop the 21-story hotel, located at 228 E. Ontario St.

Krista Casper of Associated Bank managed the construction loan.

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