The owners of Chicago’s Drake Hotel are putting it on the market, betting that the nascent travel recovery will draw buyers for a famed property on the Magnificent Mile.
The brokerage JLL is representing the Brashears family, which holds a controlling interest in the hotel, and Acore Capital. Together, the two entities own 90% of the property, which is expected to fetch more than $250 million, according to people familiar with the effort who asked not to be named because the matter is private.
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August 11, 2021 at 07:15PM
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Chicago's Drake Hotel Hits Market in Test of Lodging Recovery - Bloomberg
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