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20 E Chestnut St
Chicago, IL 60611
Sofitel Chicago Magnificent Mile · Hospitality Property For Sale
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415 Rooms
Investment Highlights
- Iconic 32-story prism-shaped tower designed by Jean-Paul Viguier
- Prime Gold Coast location near Magnificent Mile, Oak Street, and Rush Street dining.
- Recent $12.8 million guestroom renovation and $20 million in capital improvements since 2014.
- 415 guestrooms, including 61 suites, with oversized windows and luxury finishes.
- Approximately 13,000 square feet of event space, including a 4,600-square-foot Grand Ballroom.
- Offered fee-simple with management flexibility and Sofitel brand affiliation through 2041.
Property Facts
| Property Type | Hospitality | No. Rooms | 415 |
| Property Subtype | Hotel | No. Stories | 32 |
| Building Class | A | Year Built/Renovated | 2002/2018 |
| Lot Size | 0.57 AC | Parking Ratio | 0.09/1,000 SF |
| Building Size | 371,771 SF | Corridor | Interior |
| Zoning | DX-12 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 0.57 AC |
| Building Size | 371,771 SF |
| No. Rooms | 415 |
| No. Stories | 32 |
| Year Built/Renovated | 2002/2018 |
| Parking Ratio | 0.09/1,000 SF |
| Corridor | Interior |
| Zoning | DX-12 |
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- Spa
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 61 | $583.00 | - |
| Guest Room | 354 | $434.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $26,532,199 | |
| Land Assessment | $1,840,350 | Total Assessment | $28,372,549 |
Property Taxes
Parcel Numbers
Land Assessment
$1,840,350
Improvements Assessment
$26,532,199
Total Assessment
$28,372,549
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