Status Update: Hyatt Place in its Place
Aug28

Status Update: Hyatt Place in its Place

The new Hyatt Place hotel at 28 North Franklin Street is about half-way to its intended height of 18 stories.  It’s just the latest in a flurry of new hotels being built, or that have recently opened, in downtown Chicago.  Developers are taking advantage of Chicago’s notoriously high room rates, and the fact that there are virtually no low end options, or even “poor location” alternatives in the market. OTO...

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Loop In Line For Yet Another New Hotel
Jan08

Loop In Line For Yet Another New Hotel

Another downtown Chicago surface parking lot is biting the dust.  Crain’s Chicago Business reports that OTO Development plans to build an 18-story Hyatt Place on the lot at 28 North Franklin Street. This is the latest in a series of hotel openings and proposals in the last few years in the heart of Chicago’s financial district. Two blocks away from this proposed Hyatt Place, a Marriott Place is planned for 39 South LaSalle...

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