**Walker & Dunlop Arranges $92 Million Refinance for Hiltons at McCormick Place in Chicago**
Walker & Dunlop has successfully arranged a $92 million loan to refinance the Hiltons at McCormick Place, a 23-story, tri-branded hotel featuring 466 guest rooms. The property is directly connected to the McCormick Place Convention Center, located in Chicago’s South Loop neighborhood.
The financing was coordinated by Walker & Dunlop’s New York Capital Markets team, which includes Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Jordan Casella, and Cole Grims. The loan was secured on behalf of McHugh Enterprises, Inc. and First Investors, LLC. Access Point Financial Inc. provided the floating-rate, interest-only loan. Jay Morrow and Carter Gradwell from Walker & Dunlop Hospitality also played a key advisory role in the transaction.
The Hiltons at McCormick Place is recognized as the first and only tri-branded Hilton select-service property in the United States, combining Hilton Garden Inn, Hampton Inn, and Home2 Suites under one roof. Its strategic location adjacent to McCormick Place—the largest convention center in both North America and the Western Hemisphere—makes it a premier destination for business and leisure travelers alike.
