Hyatt Place C-U sold to Dallas-based company | Business

Champaigen – A download hotel that opened just over a decade ago was sold to new owners.

Hyatt Place Champaigen / Urbana, located at 217 N. Neil St., is now part of the Icon Hodging portfolio, a headquarters of the host company in Dallas.

“With spacious guest rooms, unbeatable souls and location near the University of Illinois, we are delighted to engage in the signing of Bing Icon Hodging in service and excellence to this dynamic community,” wrote the company in a LinkedIn article.

This acquisition marks another step forward while we continue to grow and offer experiences of exceptional customers. Stay in Tond for more updates when we raise hospitality at Hyatt Place Champaigen / Urbana!

The ownership files show that the Purcasad icon owned the property through an LLC for $ 18.25 million from YG Hotel Investors LLC.

The company does not apply to join Icon Hospitality, the developer of the Hotel Royer project in Urbana.

Hyatt Place Champaigen / Urbana opened its doors in June 2014.

Hans Grotelschen, developer on the project and part of the investors of the YG hotel, cannot be prevented from commenting.

The sale of the Hyatt closed in December. 16, 2024.

A few days in Laater, in December. 19, Green Street really closed on the purchase of three properties which previously belonged to download Champaigen Holdings LLC, including the building which houses Carmon’s at 804 N. Neil St.

Download Champaigen Holdings LLC, which is managed by Grotelschen, had made an agreement with an agreement with First Mid Bank & Trust for a Cond foreclosure on the three sites.

CRS Hospitality is now working in collaboration with Great Street Real to manage Carthon’s, which was led by ENOTHER LLC also associated with Grotelschen.