Sam Zell is pocketing a profit after news broke he was selling the Waldorf Astoria Chicago hotel for a record $113M. Zell bought the former Elysian Hotel in 2011 for a then-record $95M, renamed it the Waldorf Astoria and brought it under the Hilton corporate umbrella. New owner and former Strategic Hotels CEO hotelier Laurence Geller is paying an average of $601k per room for the 188-key hotel at 11 E Walton St, reports Crain’s. [Crain's]
Zell Sells Waldorf Astoria Chicago for $113M
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Related Topics:
Chicago hotels
, Laurence Geller
, Luxury hotels
, Sam Zell
, Strategic Hotels CEO Laurence Geller
, Waldorf Astoria Chicago
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