According to the JLL Hotels and Hospitality Group Executive Summary brochure, the Hyatt in Normal is up for sale:
“JLL’s Hotels & Hospitality Group, as sole and exclusive agent on behalf of Ownership, is pleased to offer for sale
the 114-room Hyatt Place Bloomington Normal (the “Hotel” or “Property”), located steps from Illinois State
University (“ISU”) in Normal, Illinois. As part of a larger masterplan that was implemented to revitalize Uptown
Normal, the Hotel opened in August 2015, is the newest hotel within the market and provides guests convenient
access to the University and all local demand drivers. With over $240 million in public / private development
partnerships completed to date and further development underway, the Uptown neighborhood has undergone a
significant transformation and continues to flourish.”
The brochure goes on to say:
“The Hyatt Place Bloomington Normal represents a compelling opportunity for an investor to acquire an upscale,
Hyatt-branded, institutional quality hotel that is unencumbered by management and offered at a discount to replacement cost.”
See the full brochure here: https://my.rcm1.com/handler/brochure.aspx?pv=mRNXWt0RlmCk-j7gcPvd37dCBFTPr5wAhNU4BWC3X1NtpYZRdxrTlcvS4Qct5ijT
