Investor Sam Zell is set to sell Chicago's pricey Waldorf Astoria hotel for a record breaking price. Hotelier Laurence Geller will fork over $113 million, or roughly $600,000 per room for the 188-key hotel. Zell, who paid $95 million for the luxury hotel back in 2011, stands to make a nice return on the sale. [Crain's]
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