Braemar Hotels & Resorts has put a 415-room hotel near Chicago’s best-known retail avenue on the market for sale, the latest step in the real estate investment trust’s plan to sell its entire portfolio.
Sofitel hotel for sale sets pricing test in Chicago’s luxury shopping hub
Braemar, a REIT undergoing liquidation, hires JLL to market property
By Ryan Ori
CoStar NewsMarch 31, 2026 | 7:54 P.M.
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IN THIS ARTICLE
- Properties
- Sofitel Chicago Magnificent Mile
20 Chestnut St, Chicago, IL
- Companies
- Braemar Hotels & Resorts
Real Estate
- Contacts
- Adam McGaughy
Senior Managing Director, JLL
- John Nugent
Managing Director, JLL
- Mark Jindra
Vice President, JLL
- Nick Sullivan
Investment Sales Analyst, JLL