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Plans Scrapped for Fairmont Chicago Expansion

Oct 10, 2008 - Source: Chicago Real Estate Daily

Strategic Hotels & Resorts has abandoned plans to expand the Fairmont Chicago, given turmoil in the financial markets. The REIT was going to buy 15 floors in Aqua, an 87-floor tower under construction adjacent to the Fairmont. By backing out of the project, Strategic estimates that it will save $100 million.

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Interior Design Magazine
 
hdtalks: the interviews

Jeffrey Beers talks with HD editor in chief Michael Adams about his early years as a designer, the influence of his mentor I.M. Pei, his love for hospitality, the many changes in the industry he’s witnessed over the past three decades, and the challenge and satisfactions of working with such legendary figures as Daniel Boulud, Sol Kerzner, and Wing Chao. Click here to play

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