CBRE Arranges Sale of 149-Room Courtyard by Marriott Hotel in Chicago Suburbs

CBRE has arranged the sale of the Courtyard by Marriott in Glenview, a northern suburb of Chicago. First GLV, LLC sold the 149-room property to Myat Thida Myint & Associates, LLC in a transaction that closed May 23, 2022. A sale price was not disclosed.

CBRE’s Brian Silberman, Paul DeLucia, Scott Miller, and Jack Silberman represented the seller, First GLV, LLC, in the transaction.

The Courtyard Chicago Glenview/Northbrook is located at 1801 Milwaukee Ave in Glenview, IL. The hotel is visible from Interstate 294, is conveniently located 3 miles from Chicago’s Executive Airport, and is minutes away from several company headquarters. Amenities include an indoor pool, fitness center, Bistro, and meeting space. In 2020 the hotel underwent renovations to the lobby and exterior, which was completely upgraded and refreshed.

“This property was attractive to investors who understood that the completion of the upcoming Marriott guestroom renovation will allow the asset to be well positioned to gain additional market share as corporate travel returns,” said DeLucia.