Disney, local investor profit from Amalfi Hotel flip

Seven months after buying the 215-room hotel at 20 W. Kinzie St., the Cataldo-Disney venture has sold to a fund managed by Cornerstone Real Estate Advisers LLC. The purchase price is $29 million, or 12% more than in December, when Cataldo-Disney bought the hotel from Skokie developer Alter Group, according to the real estate transfer taxes paid as a part of the two transactions.