Portfolio

Navy Pier Hotel

Property

The AAA Four-Diamond hotel comprises three, sevenstory buildings that were built onto the south side of Navy Pier. To the south of all three hotel buildings, patios were extended for retail and restaurant use. Additionally, the hotel’s rooftop bar and outdoor venue, Offshore, is located further east down the pier on the building’s rooftop. This outlet is also accessible from the same parking lobby as the hotel. The first two floors of all three hotel buildings have been given courtyards for retail and food service, while the guest rooms are located on the second through seventh floors of the three towers.

Hotel in Detail

Key data

Type of use
Hospitality
Location
Navy Pier
600 East Grand Avenue,
Chicago, Illinois 60611, USA
Opening
Hotel: March 2021
Rooftop Bar: June 2019
Operator
Maverick Hotels & Restaurants

Key Figures (in USD)

Estimated IRR p.a.

16,0%