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Old Posted Oct 25, 2006, 4:26 AM
SamInTheLoop SamInTheLoop is offline
you know where I'll be
Join Date: Sep 2006
Posts: 5,129
Originally Posted by Rocket1
The article mentions that the hotel will be "5 star".

Should folks be concerned that too many luxury hotels might be in current development?

Luxury hotels are part of:

Mandarian Oriental

and now 560 N Fairbanks.

Are there really that many additional visitors to Chicago looking to spend $500+/night on a hotel room?
Don't forget Canyon Ranch Living - that hotel will no doubt be 5-star as well. And actually, Intercontinental, if it happens will probably be many years off - but at any rate, the current plan calls for a net reduction in number of hotel rooms...
It's simple, really - try not to design or build trash.