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Board authorizes loan agreement for renovation of Hyatt Rosemont Hotel

Village of Rosemont Board of Trustees · November 18, 2024
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Summary

Trustees approved Ordinance 2024-11-18G authorizing a loan agreement with Hyatt Rose, LLC to fund renovation of the Hyatt Rosemont Hotel (referenced at River and Devon).

The board approved Ordinance 2024-11-18G authorizing execution of a loan agreement with Hyatt Rose, LLC for renovation financing of the Hyatt Rosemont Hotel (noted in the minutes as Hyatt @ River and Devon). Trustee Dorgan moved and Trustee DiMatteo seconded; the motion carried unanimously.

The minutes record the ordinance number but do not disclose loan amount or detailed loan terms in the public minutes. The ordinance will be available in the village records for parties seeking the loan’s numeric and contractual details.

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