US: Oxford Hotels & Resorts, an affiliate of Oxford Capital, will manage the 247-room Thompson Chicago as of 3 August 2021.
The acquisition marks Oxford Capital’s twenty-fifth lifestyle hotel transaction and fifteenth hotel project in Chicago.
Located in the Gold Coast neighbourhood, Thompson Chicago will remain affiliated with Hyatt’s luxury brand Thompson Hotels as part of the deal.
The hotel’s ground floor restaurant Nico Osteria is set to be revamped. Private dining rooms with reception areas, as well as six two-level Thompson Loft Suites are available for events, meetings and receptions. Three additional loft suites feature private outdoor terraces.
Interiors have been designed by Tara Bernerd & Partners. The hotel originally opened in 2013.
“We felt this was a compelling opportunity to acquire a great asset in an excellent location and at an attractive price,” said John W. Rutledge, founder, chairman and CEO of Oxford Hotels & Resorts and its parent company, Oxford Capital Group. “We believe the timing of this transaction coinciding with Chicago’s post-pandemic recovery progress is auspicious. We are also sanguine that our national experience, as well as our longstanding history in Chicago and its various submarkets, will position Oxford and its investors for a successful outcome.”
Oxford Capital Group is a real estate investment, development and management firm. The company has been involved in over $3 billion of real estate and private equity investments, with a primary focus on hospitality (over 15,000 hotel rooms); hospitality mixed-use projects (over 1,000 units); senior housing (3,000 units); urban retail; and parking.
Oxford Hotels & Resorts is a wholly owned hotel management affiliate which specialises in operating, managing and branding luxury lifestyle hotels and F&B venues. Its growing national portfolio of lifestyle hotel brands include Audrey, Cass, Essex, Felix, Godfrey, Julian, LondonHouse, Porter, and Versey. It also has a growing collection of restaurants, rooftops, bars, and food and beverage venues. These include About Last Knife (ALK), I|O Rooftop, LH Rooftop, Ruka, Spa Boutique, SX Sky Bar, and WTR.
Oxford Living is its senior housing investment and management platform. Oxford Residential is its multi-family development affiliate.