In addition to upcoming projects like the renovation of 168 N. Michigan, the construction of a 620-foot apartment tower connected to the Essex Inn, and the potential purchase and repositioning of Tribune (Tronc?) Tower, Oxford Capital Group has set its sights on redeveloping a property on the border of Lincoln Park and Lakeview. According to Crain’s, the busy Chicago-based firm has acquired the Days Inn at the northwest corner of Clark and Diversey for an undisclosed amount and plans to convert the 133-room space into a new "lifestyle" boutique hotel. The property bolsters Oxford’s already impressive portfolio which includes developments such as the Langham, Godfrey, Felix, and the recently-sold LondonHouse.
Oxford CEO and President John Rutledge tells Crain’s that while the firm’s latest purchase signifies its 13th hotel project in the Chicago market, the redevelopment of the Days Inn will be their first neighborhood venture. Though the Windy City’s booming hotel scene has seen the largest concentration of new development in the city’s central business district and in places like River North, a growing number of hotels have cropped up in communities such as Hyde Park, Old Town, Fulton Market, and Wicker Park. Oxford’s north side boutique offering would also join a new KOO-penned Hampton Inn approved to replace the old Inn at Lincoln Park located just two short blocks to the east.
- LondonHouse developer plans boutique hotel in Lakeview [Crain’s]
- Upcoming Tribune Tower Redevelopment Could See New Condos, Hotel [Curbed Chicago]
- KOO-Designed Hotel Planned for Lincoln Park Moving Forward [Curbed Chicago]
- Previous Lakeview coverage [Curbed Chicago]
- Previous Lincoln Park coverage [Curbed Chicago]