Ethika Investments Allocates Capital for Acquisition of Renaissance O'Hare
Friday August 16th, 2013 - 11:06AM EA
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.