Sale of loan tied to site of Allgauer's restaurant could be a big deal on a distressed hotel

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A distressed loan tied to Hilton Chicago Northbrook, where Allgauer’s restaurant is located, has gone up for sale, setting up what could be a chance for a buyer to seize control of the property. A sale of the mortgage would mark one of the biggest deals involving a distressed local hotel since the beginning of the pandemic.

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