Endeavor Hotels Acquires Midway Portfolio for $68 Million
The firm purchased seven hotels near Chicago's Midway International Airport in an expansion move.
Updated on Oct. 25, 2026 in Hospitality
Live Poll
Do you trust the long-term stability of commercial real estate values in your local community?
Endeavor Hotels has acquired a seven-hotel portfolio near Midway International Airport for $68 million. The transaction includes a total of 1,057 rooms across several well-known hospitality brands.
Why it matters
The acquisition significantly expands the hotel operator's local footprint near a major transportation hub. Endeavor Hotels secured substantial financing to support the purchase and planned facility upgrades.
The $68 million acquisition price represents a 50% decrease in property value since the portfolio was purchased for $139 million in 2006. Endeavor Hotels funded the deal with a $90 million mortgage provided by Access Point Financial.
The players
Endeavor Hotels
This Oakbrook Terrace-based hospitality firm operates numerous properties throughout the region.
RLJ Lodging Trust
Based in Bethesda, Maryland, this real estate investment trust focuses on owning premium-branded hotel properties.
Access Point Financial
This Atlanta-headquartered firm provides specialized financing solutions for the hospitality industry.
The details
The portfolio includes a Marriott, a Hilton Garden Inn, a Fairfield Inn, a Hampton Inn, a Holiday Inn Express & Suites, a Sleep Inn, and a TGI Friday's restaurant property. The buyer utilized debt exceeding the purchase price to ensure capital for upcoming property improvements.
Timeline
RLJ Lodging Trust originally acquired the hotel portfolio in 2006.
Endeavor Hotels finalized the purchase of the hotel portfolio in October 2026.
Market Landscape
This transaction reflects broader consolidation trends within the regional hospitality sector as operators look to acquire existing assets at discounted valuations. The move positions Endeavor Hotels to capitalize on travel demand near the airport while outperforming rivals through aggressive reinvestment.
Travelers visiting the area may see future changes in amenity offerings as the new owners begin their property improvement projects. Service quality and room pricing could fluctuate as the hotels undergo renovations to modernize the existing facilities.
The takeaway
Investors looking at regional real estate should note how debt-to-equity strategies are being used to fuel renovations in a cooling market. Travelers can expect potential construction-related disruptions at these specific locations as upgrades proceed.
Further reading
For more on industry shifts, see Hospitality.
Source note: This article includes information reported by The Real Deal New York.
Live Poll
Do you trust the long-term stability of commercial real estate values in your local community?
