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Hotel Orrington to get Hilton brand

Evanston’s Hotel Orrington will convert to the Hilton brand as part of a recapitalization of the property.

Mesa West Capital has provided an affiliate of Greenfield Partners, LLC of Norwalk, Conn., with $14.5 million in first mortgage financing to recapitalize Greenfield’s existing loan on the hotel, at 1710 Orrington Ave.

Evanston’s Hotel Orrington will convert to the Hilton brand as part of a recapitalization of the property.

Mesa West Capital has provided an affiliate of Greenfield Partners, LLC of Norwalk, Conn., with $14.5 million in first mortgage financing to recapitalize Greenfield’s existing loan on the hotel, at 1710 Orrington Ave.

The nine-story, full-service hotel was built in 1923. It has 269 guest rooms, meeting rooms, banquet and conference space as well as a 178-car parking garage.

Mesa West Capital Vice President Ronnie Gul said, "The Hilton brand should help drive mid-week demand, improving the hotel’s occupancy and operating performance.” 

The property closed for a time six years ago for a $34-million renovation after it was purchased by Greenfield. It will continue to be managed by Magna Hospitality Group.

Gul said that with its location just a block from the Northwestern University campus, a key demand driver, the hotel "is uniquely positioned in the marketplace."

The hotel will be renamed the Hilton Orrington.

Related links

Mesa West provides $14.5 million in financing (PR Log)

Downtown Evanston hotel gets new loan, new brand (Chicago Business) 

 

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