Reported Oct 14, 2026 · Source: The Real Deal
Hotel at 505 N. State St is a hospitality sale in River North / Streeterville / Gold Coast, Chicagoland. Other details we have: buyer Manga Hotel Group; seller Service Properties Trust affiliate; price $21M; size 261 keys. The Real Deal reports: “📊Commercial: In River North, Canadian hospitality firm Manga Hotel Group, led by Sukhdev Toor, marked its return to the Chicago market by purchasing the 261-key boutique hotel at 505 North State Street for $21 million.” The Real Deal reports: “Formerly operated as the Hotel Palomar and Royal Sonesta Chicago River North, the property is being rebranded as Hotel 505 River North ahead of an eventual transition to Manga’s TOOR Hotel brand.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at The Real Deal. What the article says:
📊Commercial: In River North, Canadian hospitality firm Manga Hotel Group, led by Sukhdev Toor, marked its return to the Chicago market by purchasing the 261-key boutique hotel at 505 North State Street for $21 million.
Formerly operated as the Hotel Palomar and Royal Sonesta Chicago River North, the property is being rebranded as Hotel 505 River North ahead of an eventual transition to Manga’s TOOR Hotel brand.
Article date: 2026-10-14
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Compiled from public sources; details can differ between sources. Always verify with the linked source.