CHICAGO—Olshan Properties has just acquired the Hilton Orrington in Evanston, IL for about $60 million. The seller was a joint venture of the Carlyle Group and Dow Hotel Co.
"Olshan Properties is thrilled to lend our name and hospitality expertise to the historic Hilton Orrington/Evanston," says Andrea Olshan, chief executive officer of Olshan. "Not only does this newly-renovated property boast a fantastic location in one of Chicago's hottest submarkets, but also is the market leader and hotel of choice for visitors to prestigious Northwestern University, as well as the greater Chicago region."
The company already had a significant presence in the Midwest through its ownership of three hotels in the Columbus metro area, including the Hilton Columbus at Easton, but this acquisition is its first Chicagoland property. Olshan now owns and manages six hotels throughout the nation including Marriott and Sheraton-flagged properties.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
