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-   -   Hyatt son to turn Chicago building into boutique hotel (https://www.flyertalk.com/forum/midwest/1368517-hyatt-son-turn-chicago-building-into-boutique-hotel.html)

tcook052 Jul 20, 2012 11:24 am
Hyatt son to turn Chicago building into boutique hotel
 
http://articles.chicagotribune.com/2...s-corp-founder

(Reuters) - One of Chicago's historic Michigan Avenue buildings has been purchased by the son of late Hyatt Hotels Corp founder Jay Pritzker and an investment company, a spokesman for the investment firm AJ Capital Partners said on Thursday.

John Pritzker and AJ Capital Partners will pay $13 million for the Chicago Athletic Association building, and another $47 million to turn it into a boutique luxury hotel, said Jeff Broaden of AJ Capital, who manages investor relations, said in an email message.


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