Park Hyatt Chicago plans $60m renovation
Hotel

Park Hyatt Chicago plans $60m renovation

US: Park Hyatt Chicago will temporarily close in January 2022 to undergo a renovation of all 198 guest rooms and suites, with a scheduled reopening of April 2022. The redesign will be overseen by Anderson/Miller Ltd, drawing inspiration from the neighbouring Water Tower Park. Further details about the work is

Oxford Capital acquires Thompson Chicago
Hotel

Oxford Capital acquires Thompson Chicago

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

Meliá sells eight Spanish properties
Industry

Meliá sells eight Spanish hotels

Spain: Meliá Hotels International has sold a 92.5 per cent share in eight properties to Bankinter, with GMA Corp acting as managing partner of a newly formed brand Victoria Hotels & Resorts. The eight hotels are set to undergo full renovations and upscale repositioning following an investment of €125 million. Once