Nobu Hotel in Chicago has been sold for nearly US$20 million to RCD Resorts of Mexico

Chicago’s Nobu Hotel is still in the early stages of construction on West Randolph Street, but the Robert De Niro-backed hotel and restaurant is already getting a new landlord.

Mexico’s RCD Resorts has struck an almost $20 million deal to buy and take over the Fulton Market district development at 854 W. Randolph St., according to sources. The 11-story building with a 119-room boutique hotel and a restaurant from chef Nobu Matsuhisa is expected to open at Randolph and Peoria streets sometime in 2018.

The seller is M Development, led by longtime Chicago developer Mark Hunt.

RCD Resorts knows the Nobu brand well, having helped redevelop the historic Eden Roc Miami Beach Resort & Spa. Part of the historic Eden Roc was converted into a Nobu Hotel and Restaurant that opened in 2016. It was the third luxury hotel location for Nobu, which opened at Caesars Palace in Las Vegas in 2013 and in Manila in 2015.

NOBU Hotel Chicago