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 •
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.