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Harrison Street Real Estate Capital, which uses the trade name Harrison Street, is a real estate investment firm headquartered in Chicago, Illinois. The firm is currently the alternative real assets arm of Colliers International. In 2024, Harrison Street ranks as one of the top five owners in senior housing in the U.S. [2]
The Morrison Hotel was a high rise hotel at the corner of Madison and Clark Streets in the downtown Loop community area of Chicago, Illinois. It was designed by the architectural firm of Holabird & Roche and completed in 1925. The hotel was demolished in 1965 to make room for the First National Bank Building (now Chase Tower).
The hotel was sold in 2017 to Shapack Partners and Gaw Capital for $61.5 million, which was considered an underwhelming sale price for the booming hotel market Chicago was experiencing at the time. [1] They hired Journal Hotels to run the hotel as their first Chicago property. [13] The hotel was renamed Ambassador Chicago. [2] [1]
The challenges were similar to those of any international trading company. There was a sharp recession in 1921 and the rubber price fell from 2s-1d in 1919 to 9d in 1922 [15] For tea, the loss of the Russian market in 1917 caused a collapse in Ceylon tea exports. There was a recognition that Harrisons had over expanded before the War.
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[2] [3] The building was designated a Chicago Landmark on May 29, 1998. [4] When the Allerton Hotel first opened, it had fourteen floors of small apartment-style rooms for men and six similar floors for women, with a total of 1,000 rooms. The hotel also boasted social events, gold, sports leagues, a library, solarium, and an in-house magazine. [5]
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Chartres' most significant acquisition was the purchase of the 4,867-room Adam's Mark hotel portfolio from HBE Corp., of St. Louis, and renovating, re-branding and repositioning plans for five properties encompassing high-profile, convention-oriented hotels in Dallas, Denver, St. Louis, Indianapolis and Buffalo.