Hyatt son to turn Chicago building into boutique hotel
Jul 20, 2012, 11:24 am
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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.
(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.
