London’s BrickVest Opens Fund, Takes Stake in Planned Hilton Hotel on Navy Pier

Foreign investors could soon be taking a stake in the planned Hilton Hotel on Chicago’s Navy Pier.

For the first time, BrickVest, a London-based alternative property investment platform, is offering exposure to U.S. commercial real estate by launching a fund that has chosen the hotel as its first asset, underscoring the ongoing influx of foreign capital into domestic projects.

The 222-room hotel at the east end of Navy Pier on Lake Michigan…

from National Commercial Real Estate News From CoStar Group https://ift.tt/2N3g41e