Hospitality Property Identification
Hospitality property identification service specializes in sourcing hotel and hospitality replacement properties that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on hospitality assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.
Our team maintains relationships with hospitality brokers, hotel operators, and institutional sellers across all major markets. We provide property underwriting, market analysis, and competitive positioning specific to hospitality assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.
Chicago, IL investors benefit from our specialized focus on hospitality properties, which include limited service hotels, extended stay properties, and boutique hotels. We understand the specific requirements for hospitality replacement property identification and can help structure exchanges that comply with IRS like kind rules while meeting investment objectives for revenue potential and market positioning.
What We Include
- •Specialized hospitality property sourcing nationwide
- •Hotel and hospitality opportunity identification
- •Market analysis and competitive positioning
- •Management contract reviews and operator analysis
- •Coordination with Qualified Intermediary for identification letters
- •Qualified escrow coordination for one hundred eighty day closings
- •Daily deadline monitoring for forty five day and one hundred eighty day milestones
- •Property underwriting summaries specific to hospitality assets
Common Situations
Chicago, IL investor selling commercial property and needs to identify hospitality replacement properties within forty five days
Investor seeking limited service hotels with strong market positioning and needs specialized hospitality sourcing support
Investor with multiple hospitality identification options and needs market analysis to make selection decisions
Example of the type of engagement we can handle
Service Type
Hospitality Property Identification
Scope
Identify hospitality replacement properties including limited service hotels and extended stay properties across major metropolitan markets nationwide within forty five day deadline
Client Situation
Investor selling Chicago multifamily property and needs to identify hospitality replacement properties with strong management contracts in multiple markets before forty five day deadline
Our Approach
Specialized hospitality sourcing team scanning hotel inventory nationwide, providing market analysis and management contract reviews, coordinating with Qualified Intermediary for identification letter structure
Expected Outcome
Multiple vetted hospitality replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline
Educational content only. Not tax, legal, or investment advice.
Related Services
Property Identification Concierge
White glove outreach to sponsors, brokers, and developers to secure vetted replacement options.
Learn moreTimeline Management
Maintain daily awareness of the 45 and 180 day milestones with automated reminders and stakeholder updates.
Learn moreUnderwriting Support
Comprehensive underwriting support for replacement property evaluation and lender requirements.
Learn moreFrequently Asked Questions
What identification rules apply to hospitality property identification for Chicago, IL investors?
How does boot affect Chicago, IL investors exchanging into hospitality properties?
Can Chicago, IL investors identify hospitality properties in different states?
What happens if Chicago, IL investors cannot close on identified hospitality properties within one hundred eighty days?
How does hospitality property identification help Chicago, IL investors evaluate management contracts?
Ready to Get Started?
Contact our team to discuss how Hospitality Property Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.