Soho House Chicago On The Market
AJ Capital Partners and Shapack Partners is looking to cash out fast and big on one of the West Loop's highest-profile adaptive reuse projects. The JV hired JLL to court bidders for Soho House Chicago at 113-125 N Green St.
Soho House was delivered in 2014, just as Chicago's hotel market went supernova and capital flowed to developments in the West Loop and Fulton Market. The buyer will most likely set a record per room price for a Chicago hotel sale, Crain's reports. Soho House bids are expected to reach $125M. That would break down to over $3M/room.