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Posts Tagged ‘Elysian Hotel Chicago’

Chicago’s swanky Elysian hotel to become a Waldorf Astoria

Sunday, November 13th, 2011
Waldorf Astoria Chicago

Chicago's acclaimed Waldorf Astoria Chicago will no longer be an independent luxury boutique hotel, Crain's Chicago reports.

It's going to become a Waldorf Astoria, Hilton's luxury brand, the article says.

Crain's cites unnamed sources, but Hotel Check-In has heard the same information from sources. Other luxury brands from the U.S. and abroad had also visited the hotel to possibly run it.

The hotel will take a brand name because the other part of the news is that billionaire financier Sam Zell is buying the hotel for about $95 million, sources tell Crain's.

If true, the per-room price for the 188-room hotel would be $505,000 – the highest, Crain's says, for a Chicago hotel. Zell apparently expects to lift the hotel's value by bringing in Hilton to manage it and market it to its millions of customers.

The owner of the hotel, which opened during the recession two years ago and … Read the rest

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