Hyatt Hotels entered into a franchise agreement with the owner/developer of a 22-story office building at Monroe & Clark. The plan: to convert the recently-vacated vintage structure into yet another trendy, business-oriented hotel. With the unwieldy name Hyatt Chicago The Loop, the hotel giant hopes to score a share of Chicago's record-setting occupancy with 257 rooms, restaurant, coffee shop, rooftop lounge, and fitness center. Interior gutting has begun and the hotel should open in 2015. [Hyatt Press Release via Skyscraper Page, previously]
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