An affiliate of Square Deal Investments has paid $34 million, or $126,394/room, for the 269-room Hilton Orrington hotel in the Chicago suburb of Evanston, Ill. The transaction, first reported by Crain’s Chicago Business, resolves a troubled $37.88 million CMBS loan that’s securitized through Citigroup Commercial Mortgage Trust, 2016-GC37. The loan hasn’t had a debt-service payment […]

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