A major shakeup just hit Michigan Avenue: the iconic Westin hotel has been sold for $72 million, way below its pre-pandemic value. Local investor Ketu Amin is stepping in as the new owner, backed by a hefty $54 million loan. Even with the lower price tag, this is one of the biggest hotel deals Chicago’s seen lately. What’s really wild is that hotel demand downtown is booming—over 3.5 million room nights were booked this summer, setting a city record. How do you think this sale will impact the neighborhood and Chicago’s hotel scene? #Business #Chicago #RealEstate