property for sale
Downtown Hotel

This luxurious Downtown Hotel is an ingenious investment concept being presented to movewithus international investors. The opportunity is for investors to purchase a real estate contract in a luxury hotel with a world renowned brand name while acting in an almost venture capital capacity. Investors are required to put down a 15% deposit on a unit of their choice. The developer will undertake to re-sell the unit before completion and during the build time the deposit is secured in an interest earning escrow account. Before completion the unit will be sold at a 15.6% premium giving the investor back his deposit plus a pre-negotiated 40% return on investment, regardless of market conditions. Investing in USA - read more.

Unlike the UK, Ireland and many other countries, US-Based developers typically must sell 50%+ of a respective project in the form of preconstruction or off-plan contracts to secure the construction finance from a bank. Conventionally, US-Based developers are prohibited from accessing the deposits for the purposes of funding the construction. In other words the deposit cannot be touched until completion.

For this reason, it is standard practice for these developers to utilise the sale of preconstruction contracts as a means to secure the financing needed to build the project. The challenge currently in the United States is that the main source of purchasers in the market are end users and they are not accustomed to purchase until a project has passed the construction stage. So the developers are looking to investors from abroad.

The 75-storey project will be an exclusive mixed-use development in Chicago's growing Millennium Park. In addition to the 250 guestrooms and suites, the property will also include 100 luxurious branded residences and 150 deluxe condominiums, as well as up-market retail shops and a 30,000 square foot spa.

Located at 215 North Michigan Avenue, the hotel is also a short walk from the Magnificent Mile Shopping District and within easy access to McCormick Place, the largest convention facility in America. Chicago's vast pedway system is accessible directly from the development, which has convenient walkways to the city's financial district. It is adjacent to Millennium Park, the city's renowned centre for art, music, architecture and landscape design.

The prestigious Hotel Group is the award-winning owner and operator of some of the World's most prestigious hotels and resorts. It is currently operating 20 luxury hotels worldwide and its aim is to be recognised as one of the best global luxury hotel groups, providing exceptional customer satisfaction in each of its hotels. Amenities include, the Spa, MOBar, Dining and the Cake Shop.

We at movewithus international believe that large cities provide the most attractive investments. This prestigious Hotel project is a unique and secure opportunity for those investors who wish to achieve sizable returns over a relatively short period of time. Units will only be available for a limited time. To speak with a property consultant or for further details please enquire today.