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A closure could potentially lead to a redevelopment of the 16-acre site, on which JBG had previously planned to build nearly 1,300 units.
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South Korean investor's plan to buy hotels from Anbang is reportedly in jeopardy.
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Pebblebrook Hotel CEO says hotel restaurants may go the way of the dodo post-coronavirus.
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Not much is known about the novel coronavirus, or COVID-19, the disease it causes, but fears about its global spread is already impacting Chicago hotels.
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Kemmons Wilson Cos. and Valor Hospitality Partners acquired the hotel in September and plan to add seven new rooms.
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The 452-room hotel could reopen in the fall.
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Allen Morris is using Stormont to focus on future hotel projects in its mixed-use developments, other projects in the Southeast.
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U.S. hoteliers are prepared but fearful of a prolonged coronavirus outbreak around the world.
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New York City will move COVID-19-positive and at-risk homeless into vacated hotel rooms
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Allen Morris now plans to break ground at the end of the year, seeking better financing and construction costs.
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