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Hilton Chicago Magnificent Mile Transferred to Lender

Hilton Chicago Magnificent Mile Transferred to Lender
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Chicago's iconic Drake Hotel is up for sale - Chicago Business Journal

Chicago's iconic Drake Hotel is up for sale - Chicago Business Journal
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Oxford Capital Group, LLC announces acquisition of Thompson Chicago hotel

Oxford Capital Group, LLC announces acquisition of Thompson Chicago hotel
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Oxford Capital Group buys Thompson Chicago hotel | Crain's Chicago Business

The exact sale price is unclear, but sources said Oxford paid between $70 million and $75 million for the hotel, higher than the $65 million mortgage the Walton Street-AJ Capital venture took out on the property when it refinanced it in January 2020, according to Cook County public records. That puts the transaction in line with other downtown hotels that have changed hands during the pandemic at or close to the value of the debt they are carrying a reflection of the risk associated with buying a hotel amid a crisis that has hammered demand and may be slow to recover.
Oxford, known locally as the owner of the LondonHouse hotel and Le Méridien Essex Chicago on Michigan Avenue among other properties, is raising its bet on the Chicago hospitality market by picking up a great asset in an excellent location and at an attractive price, Oxford Chairman and CEO John Rutledge said in a statement. ....

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Oxford Capital Group, LLC Announces Acquisition Of Thompson Chicago

Oxford Capital Group, LLC Announces Acquisition Of Thompson Chicago
Oxford Hotels & Resorts, LLC, an affiliate of Oxford Capital manages the 247-room luxury lifestyle property
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Oxford Capital Group, LLC today announced the acquisition of the 247-room, luxury lifestyle hotel Thompson Chicago, located in the prestigious Gold Coast neighborhood. Oxford Capital Group s wholly owned affiliate, Oxford Hotels & Resorts, LLC, also takes over management of the property as of today. Thompson Chicago joins Oxford s growing national lifestyle hotel portfolio, which includes Godfrey Hotels in Chicago, Boston, Tampa, and Hollywood (with several additional locations in the pipeline); LondonHouse; Hotel Julian; Le Méridien Essex Chicago; Hotel Griffon; Hotel Vertigo; and others. ....

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