Jones Lang LaSalle Inc. $(JLL)$ has secured refinancing for a dual-brand hotel portfolio in Chicago's River North district. Acting on behalf of a joint venture between Friedman Properties and White Lodging, JLL arranged a fixed-rate, five-year loan through PGIM Real Estate's core lending business. The refinancing supports the ownership and capital planning strategy for the 523-key portfolio, which includes the Residence Inn River North and SpringHill Suites River North, both Marriott-affiliated hotels located at 410 North Dearborn Street. The transaction highlights the continued strength of Chicago's lodging market and the appeal of the newly renovated properties.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on January 14, 2026, and is solely responsible for the information contained therein.
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