Intercontinental Chicago o’Hare
Rosemont, IL
After opening in the middle of a recession in 2008, this property was part of a Section 346 bankruptcy process in 2010. Just a few years later, Hostmark had turned the property completely around.
Distressed Asset
556 Rooms
Midwest Market
Major MSA Airport
RevPar Increases
RESULTS
EBITDA increase of $2.3M in two years of Hostmark management
Top three in guest satisfaction scores across entire Intercontinental brand
First in occupancy and second in ADR per STR in the market set
Sale price in 2014 was nearly 2.5x higher than bid from Section 346 bankruptcy four years prior