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New 257-Room Loop Hyatt Slated to Open February 2015

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The vintage office building to hotel conversion happening at 100 West Monroe is making way and is currently aiming for a February 2015 opening. Purchased in April 2012 by developer John T. Murphy of MB Real Estate for nearly $13 million, the former Class C office building was nearly fully leased when the plan for a Hyatt hotel conversion was announced. However, the building joins a slew of other vintage office towers that will reopen as hotels within the next couple of years. And similar to some of the other upcoming vintage-office-towers-turned-hotels, the officially dubbed Hyatt The Loop Chicago wants to emphasize Chicago's architectural history and the hotel's branding and marketing will play up the 22 story Frank D. Chase-designed building's past. In total, the conversion will add 257 rooms to the already booming downtown hotel market, as well as 2,500 square feet of meeting space and a French restaurant. Located towards the southern end of the Loop, the new hotel is likely to face stiff competition from other nearby lodging options, however it could also present a more practical option compared to some of the higher end hotels that are slated to open around the same time.

·Hyatt the Loop Chicago [Official Website]
·Vintage Loop Building to Beget Mid-Sized Hyatt-Brand Hotel [Curbed Chicago]
·Previous Hotel Boom Town coverage [Curbed Chicago]