Chicago is one of the cities in the United States that gets visited a lot. so in this post, we will look into the Chicago condo hotel market, why should you invest and what makes it so unique? This is still part of the series Condo Hotel Buyer Guide: Where the Best Condo Hotels are located.

Attractions in Chicago

Chicago is the biggest city of the state of Illinois. Chicago alone musters thirty three million foreign and domestic visitors just last 2005. Chicago is the conference hub of United States next to Florida and Las Vegas, being the global architectural capital also helped in attracting those millions of people.

Navy Pier, a 3000-foot (900 m) pier housing restaurants, shops, museums, exhibition halls, auditoriums, and a 150-foot-tall (45 m) Ferris wheel, is located north of Grant Park on the lakefront, and is one of the most visited landmarks in the Midwest, attracting over 8 million people in 2005.

But Chicago is not only home for the rich and business minded people because Chicago is also home to the sports and jazz music lovers.

Chicago was named the best sports city in the United States by The Sporting News in 2006. The city has 15 sports teams. Chicago is one of only a few cities to have its major sports teams play within its city limits. It is one of three U.S. cities that has two Major League Baseball teams, and the only city to have always had more than one baseball team since the forming of the American League in 1900.

State of the Condo Hotel Market in Chicago

Despite the abovementioned qualities, the condo hotel market in Chicago may still be considered as an untested concept according to Alby Gallun of Chicago Business.com. It doesn’t stop the developers though because more and more condo hotels are being built every month.

Chicago may not have the attractions that Florida is able to offer its tourists but Chicago attracts people who are capable and willing to invest on the said properties. It’s just a matter of time before the Chicago Condo Hotel Market also booms into fruition.

Condo Hotel Buyer Guide Series Posts:

• Chicago Condo Hotels for Sale
• Peeking at the Chicago Condo Hotel Market
• Florida Condo Hotels For Sale
• Looking into the Florida Condo Hotel Market

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Other Condo Hotel Entries

• Wrapping Up Where the Best Condo Hotels are Located
• Chicago Condo Hotels for Sale
• About Condo Hotels
• State of Las Vegas Condo Hotel Market
• New York Condotels' State
• Looking into the Florida Condo Hotel Market
• The Rise of Condominium Developments
• Condos Vs. Condo Hotels For Vacaton Home Ownership
• Importance of Credit and Ways to Improve It
• Florida Condo Hotels For Sale