I’m not sure how I even feel about the price tag mattering considering it is an investment we can sell later but very quick research shows that there is a 13,000 square foot hotel (12 rooms) in the heart of Chicago for 300,000 a room. So conservatively we could guess that a similar building in downtown chicago would go for about 9 mil. And that is in pretty much the most expensive area in the city—If we are willing to go within an hour of the city center I think you could get something of comparable quality for ~5 million or maybe even less.
Not saying Chicago would be the right place but I would call it a major city (totally biased though).
I’m not sure how I even feel about the price tag mattering considering it is an investment we can sell later but very quick research shows that there is a 13,000 square foot hotel (12 rooms) in the heart of Chicago for 300,000 a room. So conservatively we could guess that a similar building in downtown chicago would go for about 9 mil. And that is in pretty much the most expensive area in the city—If we are willing to go within an hour of the city center I think you could get something of comparable quality for ~5 million or maybe even less.
Not saying Chicago would be the right place but I would call it a major city (totally biased though).