Hong Kong investor crushed by O’Hare hotel’s devaluation – The RealDeal

A Hilton hotel near O’Hare International Airport sold for 50 percent of its previous valuation this week, marking a giant loss for its international owner.
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The Paraclete
3 years ago

The O’HareHilton is a major dump. I’d prefer a Ramada Inn. Or something on Mannheim.

Old Joe
3 years ago

It can get worse. Detroit sold homes for a dollar a while back……

Poor Taxpayer
3 years ago

If you inflation adjust the money, the loss is much, much worse. Everyone in Illinois is losing money on property. The greedy state and counties are taxing away your equity. Only one way to avoid it is to leave.

Stewie the Roof Baby
3 years ago

That’s what you get for investing in Chicago. At least he can take a huge deduction on his unrealized loss

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