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SKOKIE, IL-A joint venture between Oxford OBG Hospitality and Investment Fund as well as Waterton Associates LLC financed its purchase of the 367-room North Shore Hotel and Executive Conference Center in Skokie with a $32.6-million package from GMAC Commercial Mortgage Corp. That allows the new owners of the property at 9599 N. Skokie Blvd. to pay $16.2 million for the 12-story hotel with 22,500 sf of meeting space, and have another $16.4 million for renovations.

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