Laurus Corporation Acquires Renaissance Chicago O’Hare
Friday July 26th, 2013 - 2:49PM EHO
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CHICAGO—Laurus Corporation has acquired the Renaissance O’Hare Hotel here.
The 362-suite upscale property, which opened in 2005, features more than 15,000 sq. ft. of meeting space and amenities, including a fitness center, business center, pool, concierge and an airport shuttle.
In addition to O’Hare International Airport, nearby attractions include the corporate headquarters of companies like U.S. Cellular, True Value Hardware and Wilson Sporting Goods, and the Donald E. Stephens Convention Center and Allstate Arena.
A $6.5-million renovation is planned, including a complete refresh of guestrooms and corridors, f&b outlets and the hotel’s 5,000-sq.-ft. ballroom.
Concord Hospitality Enterprises will manage the property.
Tags: • Hospitality • Acquisitions • Ownership • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.