May 04

Gettys Group turns historic Hotel Indigo Chicago Downtown into Claridge House

By InterCap In Company News and Information, Hospitality, Northeast /

A historic Chicago hotel is getting new life—and its old name back. Oxford Hotels & Resorts, the Chicago-based hotel management and branding affiliate of Oxford Capital Group, is redeveloping, repositioning and rebranding the former Hotel Indigo Chicago Downtown as part of a $9-million renovation. When the project is completed later this spring, the Gold Coast hotel will celebrate more than 90 years of history as the renamed Claridge House.

“Claridge House has been an integral part of the Gold Coast community for almost a century,” John W. Rutledge, founder, president and CEO of Oxford Hotels & Resorts and Oxford Capital Group, said in a statement. “We’re excited to reimagine and expand upon the hotel’s role in the city and neighborhood.”

Apr 23

Gold Coast’s Hotel Indigo getting new name: Claridge House

By InterCap In Company News and Information, Hospitality, Northeast /

Less than two years after being bought out of foreclosure, the Gold Coast’s Hotel Indigo is getting a new name and restaurant as part of a $9 million renovation.

The hotel at 1244 N. Dearborn Parkway in May will change its name to the Claridge House, according to Oxford Hotels & Resorts, which will manage it.

The rebranding brings the 165-room hotel back to its origins.

Designed by Walter Ahlschlager, the building opened in 1923 as the Claridge Hotel. The initials “CH” and the Claridge name remain inscribed on the exterior of the 12-story structure.

Nov 19

Hunter Hotel Advisors Close On Sale Of The Hyatt Place New Orleans Convention Center

By InterCap In Company News and Information, Hospitality /

ATLANTA, November 14, 2017 – Hunter Hotel Advisors announced today that they represented the owners of the Hyatt Place New Orleans Convention Center in the sale of the 170-room hotel. Built in 1996, the hotel underwent an $8.8 million renovation to convert to a Hyatt Place, reopening in March 2012. A New York City-based private equity group purchased the hotel and was attracted to the investment due to its in-place cash flow and its location in downtown New Orleans’ Arts District, directly across from the Ernest N. Morial Convention Center. Teague Hunter, President of Hunter Hotel Advisors, handled the transaction out of company’s headquarters in Atlanta, GA.

Jun 19

BAMO Leads Redesign for Galleria Park Hotel

By InterCap In Company News and Information, Hospitality /

San Francisco-based interior design firm BAMO will spearhead the latest renovations of the Galleria Park Hotel. Located in the San Francisco’s Financial District, the Joie de Vivre property from Two Roads Hospitality will feature a redesign inspired by the 1911 landmark structure’s Art Deco bones unveiled in two phases later this month and in early 2018.

All 177 guestrooms and eight suites will reveal a new look later this month with custom furnishings, a neutral-toned palette, and eclectic accents for a sophisticated and glamorous look. Highlights include small-scale irregular dot wallpaper, painterly expressionist carpeting in warm tones, marble-topped desks, warm wood venetian blinds, and splattered antiqued mirrored surfaces.

Sep 29

Interwest Capital Acquires The Claridge House in Chicago

By InterCap In Company News and Information, Hospitality /

La Jolla, CA – Interwest Capital Group, through its affiliates, are pleased to announce the acquisition of the Claridge Hotel in Chicago, IL. Interwest is excited to have engaged Hersha Hospitality Management, a leader in the hospitality sector, as manager for the hotel.

Originally constructed in 1923 as the historic Claridge Hotel, the property was repositioned to InterContinental Hotel Group’s Claridge Hotel in May 2005. Featuring 165 guest rooms, the 12-story Claridge Hotel is ideally situated in the heart of Chicago’s affluent Gold Coast neighborhood; steps from downtown Chicago’s renowned Magnificent Mile and less than two blocks from the nightlife and entertainment intersection of Rush and Division Streets.

Hospitality

locate our office