Hawkins Way Capital has successfully secured a $5.225 million refinancing loan for its Found Chicago hotel, which is operated by Sonder. The lender for this transaction was Symetra Life Insurance Company and the loan was brokered by Meridian Capital Group. This funding will support the ongoing operations of the 60-key hotel.
Originally built in the 1910s as the historic Olympia Building, Hawkins Way acquired this property in 2016 and has since leased it to publicly traded short-term rental company Sonder. Located in River North, this property boasts 60 guest rooms as well as various amenities such as a restaurant, cafe, and speakeasy-style bar within its expansive 25,000-square-foot space.
In line with their future plans to self-manage rather than lease properties like Found Chicago Hotel , Hawkins Way currently operates from offices in New York City and Los Angeles . As a vertically integrated real estate company with over $2.5 billion worth of assets under management , they are committed to delivering exceptional results through strategic investments.
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