Quote:
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:
Trump
Waterview
Elysian
Aqua
Mandarian Oriental
Intercontinental
and now 560 N Fairbanks.
Are there really that many additional visitors to Chicago looking to spend $500+/night on a hotel room?
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^I wouldn't put Aqua in the same group as the others (and has been mentioned, it looks like Intercontinental won't get built, at least for a loooooong time). Aqua is going to essentially be the Fairmont, with an increase in rates of about 25%. It might be nice, or even luxury, but not on par with true 5-star hotels at Trump, Waterview (Shangri-La) and the Mandarin. Also, the Elysian is a brand new brand...holding itself out as "5-star", but not so certified. Maybe it will, maybe it wont.
And this new tower looks pretty cool so far, but I would imagine the views at 550 St. Clair and 600 N. Fairbanks will be adversely impacted...