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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.
The Sofitel Chicago Magnificent Mile, formerly named the Sofitel Chicago Water Tower, is a hotel in Gold Coast neighborhood of Chicago, Illinois. [1] It is operated by the Sofitel hotel chain. The hotel was designed by French architect Jean-Paul Viguier .
The Peninsula Chicago is a hotel located at the intersection of East Superior Street and North Michigan Avenue in Chicago, Illinois. The hotel is part of The Peninsula Hotels group based in Hong Kong. The Peninsula Hotel group's parent Hongkong and Shanghai Hotels, who already owned 92.5% of the Chicago property's shares, purchased the ...
Egan named the building for the property's previous owners, the Order of Saint Benedict; the "Hotel" portion of the name was added to exploit a legal loophole, as the building never served as a hotel. [2] The building was added to the National Register of Historic Places on September 1, 1995. [1]
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]
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