Quote:
Originally Posted by Mr Downtown
It isn't.
Chicago hotels live off of Mag Mile shopping and conventions/trade shows. There's a reason more than 90 percent of all Chicago hotel rooms are within 600 feet of Michigan Avenue.
Hotel patrons don't pay a big premium for height/views, and hotel rooms make the elevatoring even less efficient. Usually a lot less, since you want separate elevators for hotel and condos.
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Could the project at 400 N LSD not find similar success like the Wanda Vista? They would have similar offerings. Tall, mixed use, a slightly longer than 600ft walk to Michigan Ave.