Monday, April 23, 2018

Soho House developers cash out for $95 million

Photo by CoStar Group
By: Danny Ecker | April 20, 2018 | Crain's Chicago Business

The Chicago developers behind the property that helped set off a transformation of the trendy Fulton Market District have cashed out for a fat profit. A venture led by Shapack Partners and AJ Capital sold the Soho House hotel and private club last month to Beijing real estate investor Sino-Ocean Land for $95 million, according to Cook County property records and a report from credit rating agency Fitch. Sino-Ocean Land teamed with Hong Kong-based Gaw Capital—which already owned an undisclosed stake in the 40-room hotel at 113-125 N. Green St. along with Shapack and AJ Capital—to buy the property amid soaring property values in the West Loop. Read More....
Posted by at

1 comment:

  1. nickmiddleton010February 4, 2019 at 4:59 AM

    We offer relocation assistance for people who are going into foreclosure or who has had a loss of job. Cash for house

    ReplyDelete

Subscribe to: Post Comments (Atom)