A joint venture led by Gencom has secured a $125 million refinancing package for the St. Regis Chicago, a luxury hotel located in downtown Chicago. The financing was provided by a consortium of lenders, with the transaction closing recently.
The St. Regis Chicago, situated at 401 East Wacker Drive, is a prominent property in the city’s skyline. The hotel features 192 guest rooms and suites, along with a range of amenities including a spa, fitness center, and multiple dining options. The property is part of a larger mixed-use development that also includes residential condominiums.
Gencom, a Miami-based investment firm specializing in hospitality and luxury real estate, led the joint venture responsible for the refinancing. The company has a track record of managing and developing high-end hotel properties both in the United States and internationally.
The refinancing is expected to support ongoing operations at the St. Regis Chicago and provide additional flexibility for the joint venture. The terms of the loan were not disclosed, but the financing is structured to meet the needs of the property and its ownership group.
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