Ethika Investments Allocates Capital for Acquisition of Renaissance O'Hare
Friday August 16th, 2013 - 11:06AM EA
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CHICAGO—Ethika Investments LLC has announced a capital allocation for the acquisition of the Renaissance O'Hare Hotel located here.
This property marks the sixth investment from Ethika’s Diversified Opportunity Real Estate Fund. The hotel features 15 floors, 362 guestrooms and 21,500 sq. ft. of meeting space and amenities including a fitness center, business center, pool, concierge and an airport shuttle.
Ethika's affiliate, Laurus Corporation, a real estate investment and development company specializing in hotel and resorts, office buildings and mixed-use properties, recently completed the acquisition of the hotel.
Tags: • Hospitality • Amenities • Acquisitions •
I recently returned from ALIS and, on the trip home, Dennis Nessler and I shared stories about who we met and what we heard—not only the news of the industry, but the temperature of it. And, we concluded what many of you I’m sure have, too: It’s pretty hot right now.