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Langham Plans $100M Chicago Luxury Hotel

CHICAGO-Langham Hotels and Resorts partners with Oxford Capital Group LLC to open a luxury hotel in 330 North Wabash.

By Jennifer Duell Popovec | Updated on January 02, 2011

CHICAGO- Langham Hotels and Resorts has partnered with Oxford Capital Group LLC to open a luxury hotel in 330 North Wabash, one of the most architecturally significant buildings on the city’s Riverfront.

The new Langham Chicago Hotel, expected to open in 2012, will occupy floors two through 13 of the 52-story building, along with a portion of the first floor and riverfront plaza. Pacific Eagle Holdings, a US-based affiliate of Langham, acquired the real estate from LaSalle Hotel Properties for $58.8 million. Sources close to the deal say the new Langham Chicago Hotel will have a price tag of roughly $100 million.

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