Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced today that it has successfully arranged the sale of the 385-room Renaissance Chicago-North Shore Hotel. The transaction closed on May 23, 2017.

The seller, HI TRS, LLC, a Delaware limited liability company, is an affiliate of USAA Real Estate Company. Owner Advisory Group represented USAA as its asset manager. The buyer was Northbrook ND Investments, LLC, a Delaware limited liability company and an affiliate of Minnesota-based Nath Companies, Inc.

“Both parties have achieved their respective objectives in this transaction,” said Tom Baker, Corporate Managing Director with Savills Studley. “The seller disposed of a non-core asset and the buyer made an acquisition establishing a relationship with the Renaissance brand and Marriott International, a strategic goal of the buyer.”

The property is ideally located in Chicago’s Northbrook suburb at 933 Skokie Boulevard and minutes from a variety of Fortune 500 companies, Northwestern University, dining, shopping and local attractions. The winner of the AAA 4-Diamond award, the Renaissance Chicago-North Hotel boasts premium amenities, on-site restaurants, more than 19,000 square feet of event space and complimentary on-site parking.

The terms of the sale were not disclosed.