Landmark riverfront building to house 330 guestrooms and suites in Five-Star property
Chicago’s historic and scenic riverfront soon will have a new high-end business hotel when the Langham Chicago Hotel opens for business in 2012. Oxford Capital Group and Langham Hotels and Resorts unveiled plans in January to develop a luxury hotel in the former IBM building at 330 North Wabash—a long-time Chicago landmark building designed by Mies van der Rohe. The property is located on the Chicago River and right across the street from the Trump International Hotel & Tower Chicago.
Pacific Eagle Holdings, a U.S.-based affiliate of Langham, acquired the real estate from LaSalle Hotel Properties for $58.8 million. Published reports have put the price
tag in the neighborhood of $100 million for the new property, which will occupy floors 2 through 13.
Plans call for the hotel, which also will take up a portion of the first floor and riverfront plaza, to have about 330 guestrooms and suites ranging from 525 square feet to more than 2,000 square feet, some of the largest hotel rooms in the city, property officials say. Guestrooms will have nine-and-a-half-foot ceilings with floor-to-ceiling windows intended specifically to offer guests stunning views of the Chicago River, Lake Michigan and the Chicago skyline.
“We love the waterfront location and iconic building,” says David Hennefer, president of Pacific Eagle Holdings, a U.S.-based affiliate of Langham. “We couldn’t be more excited about planting the Langham brand in the heart of downtown Chicago.”
The property will also feature a 5,000 square-foot ballroom, a 9,000 square-foot signature “chef-driven” restaurant, as well as a wine room, fitness center, indoor pool and Langham’s signature Palm Court and Chuan Spa.
The Hong Kong-based Langham Hotels International may not be familiar to consultants who don’t spend much time in Asia, where the bulk of the brand’s properties are located. The Chicago property will be the brand’s third U.S. property, joining the Langham Huntington, Pasadena and The Langham Hotel Boston. Langham Hotels International has 13 hotels across its three brands: Langham, Langham Place and Eaton.