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CastleGreen Finance Closes Its First C-PACE Transaction in Illinois for $12.3MM

CastleGreen closed its first Illinois C-PACE deal - $12.3MM in new construction financing for Homewood Suites, a 143-room hotel in Skokie, Illinois. ....

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Deal For 8-Story Hotel In Downtown Skokie Approved By Trustees

UpdatedSat, Dec 19, 2020 at 4:18 pm CT
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The Skokie Village Board approved a development agreement to build a 142-room hotel and conference center at 4930 Oakton St. (via Village of Skokie)
SKOKIE, IL Village trustees unanimously approved a development agreement for a new hotel and conference center in downtown Skokie.
The 142-room Homewood Suites by Hilton is planned for the northeast corner of Oakton Street and Niles Avenue. The deal calls for the developer to present proof that a hotel at least as prestigious as a Homewood Suites plans to operate at the site for at least 15 years.
The hotel is set to include 30,000 square feet of retail space on its ground floor and rooftop and about 10,000 square feet of banquet and event space. As part of the deal, village officials will be permitted rent-free use of the rooftop bar four times a year. ....

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