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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 Peninsula Chicago is one of only three five star hotels in the Midwestern United States, [45] is located on East Superior between Rush Street and Michigan. [46] The Four Seasons Hotel Chicago, another of the Midwest's five star hotels, [45] is also located on a cross street between Rush Street and Michigan Avenue. [47]
The pink neon sign of The Drake (bottom-center-left) The Drake, a Hilton Hotel, 140 East Walton Place, [2] Chicago, Illinois, is a luxury, full-service hotel, located downtown on the lake side of Michigan Avenue two blocks north of the John Hancock Center and a block south of Oak Street Beach at the top of the Magnificent Mile.
The Great Northern Hotel opened in 1892 with 16-story, 500 rooms, 8 dining rooms, and 6 elevators. The cost of the building was $1,150,000. The building was made with a steel structure and was one of the first fireproof hotels in Chicago. The hotel was constructed by the architecture firm of D. H. Burnham and Company. They created a new design ...
The hotel's 3,000 guest rooms were rebuilt into 1,544 larger and more elegant rooms; 600 were converted to double-sized rooms with two adjoining bathrooms. The renovated hotel helped to sustain a revival period in Chicago's South Loop neighborhood. The newly renamed Chicago Hilton and Towers reopened on October 1, 1985. [11]
The neighborhood hosts more than 25 hotels, including the only three five star hotels in the Midwestern United States, the Ritz Carlton, The Peninsula Hotel, and the Four Seasons Hotel Chicago as well as the historic Drake Hotel. [28] [29] Two of these host the highest rated spas in Illinois. [30]