Construction Zone The Latest Hotel & Airport News
Chicago Luxury Condo-Hotel Market Booming The newest trend in the luxury hotel scene has hit the Chicago central business district. At least four new condo-hotel properties are due to open in 2008 and 2009, with presales of units already in progress. Generally, a condo-hotel offers private residences and condo-hotel suites for sale and ownership. All units receive use of luxury hotel amenities such as concierge, spas, restaurants, and fitness rooms. Owners of the condo-hotel units can use them any time, and when not in use, owners can arrange for the hotel to rent it for a portion of the rental fee.
Condo-Hotels Under Construction In Chicago’s Central Business District
Property Name Number Of Number Of Opening Date Private Residences Condo/Hotel Suites
Elysian Hotel 51 188 2008/2009
Mandarin Oriental 250 250 2009
Shangri-La Spa 233 200 2009 Waterview Tower
Trump International 472 286 2008 Hotel & Tower Chicago
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