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Essex on the Park (right) and 1000M (left) in October 2023 from Roosevelt Road near Columbus Drive. In November 2014, Oxford Capital Group LLC acquired the 254-room Essex Inn at 800 South Michigan, along the Historic Michigan Boulevard District across from Grant Park, from the Gecht family who built the hotel in 1961. [1]
The St. Regis Chicago is a mixed-use residential and hotel building consisting of the St. Regis Residences, 393 luxury condominium residences, and the St. Regis Hotel, with 191 hotel rooms, including 33 suites. [5] The hotel occupies the first 10 floors of the structure with private residences on floors 11 through 97. [15]
According to the "2010 City Guide: Chicago" edition of the Forbes Travel Guide, the building hosts one of the seven four-star restaurants in the city and one of the three four-star spas. The hotel is one of two four star hotels. In 2010, Chicago had two five-star hotels and two five-star restaurants. [40]
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In the 1990s, several of the big SRO hotels were renovated, including the Milwaukee, the Northern Pacific, and the Eastern; however, the fire, safety, and earthquake code upgrades led to big rental increases (for example, the Publix Hotel rental went from $75 per week for a SRO in the early 2000s to $1,350 per month for a micro-studio in 2018).
The Hilton Chicago is home to Chicago's largest and most expensive hotel room, which formerly served as the Tower Ballroom. The Conrad Hilton Suite is a 5,000-square-foot (460 m 2) suite that encompasses two floors, T3 and T4. The suite costs more than $7,000 per night.
On October 24, 2011, Virgin Hotels, part of Virgin Group, purchased the building with the aim of opening it as their first hotel in 2013 with approximately 250 rooms. [7] The transaction was an all-cash deal that was valued at about $14 million.