I don't recall seeing this particular article posted here before...
Magellan Development has new room for hotel in Aqua tower
11/26/08
"...The space can accommodate between 215 to 300 rooms, depending on the configuration. In the case of Fairmont, the hotel was opting to offer all suites, which scaled down the number of rooms to 225..."
"...We are very particular; we want a concept that will go with the overall composition of the building," Gordon adds. "Aqua is a unique structure, so we want the hotel to match that..."
"...John Karver, senior vice president with CBRE, says he hopes to have the preliminary marketing work wrapped up in the next two to three weeks. Shortly after, he expects to see "a number of proposals" on table from both national and international hotel outfits.
Gordon says that despite the financial markets, he remains confident that the Aqua stands on its own as a unique sell for a distinctive hotel that has more too offer than room and board basics.
"Obviously, it would have been a lot easier before all of it happened, but because the property is so special, we are confident it will go..."
http://www.chicagoindustrialproperties.c...ent-has-new-room-for-hotel-in-aqua-tower