Perkins Coie Closes Purchase of Holiday Inn City Centre in Chicago

The new owners have renamed the hotel the Chicago City Centre Hotel & Sports Club and will be launching a property-wide design change, including the redesign of guest rooms, public spaces, 17,000 square feet of convention and meeting space, and the addition of a restaurant. The redesign and rebranding of the hotel is intended to strengthen its historic appeal with both leisure and business travelers.

The acquisition is the third in Chicago in less than a year for Oxford Lodging. In 2006, the company led investment groups in the acquisition of the 443-room Allerton Crowne Plaza Chicago and the 357-room Best Western Inn of Chicago. Kokua Hospitality, an affiliate of Oxford Lodging, will manage all three properties, which are located in the heart of the city's Magnificent Mile shopping, dining and cultural district.