Le Méridien Essex Chicago, Chicago, IL
Hotel Repositioning
le-meridien.marriott.com
In November 2014, Quadrum, together with its local development partner, acquired the leasehold interest in The Essex Inn, an operating 254-key hotel located at 800 South Michigan Avenue in Chicago's South Loop submarket. The 14-storey building was built in 1961 and required significant capital improvements. The partnership fully renovated, expanded and reintroduced the 274-key hotel as Hotel Essex in April 2019. The hotel is part of a larger mixed use project, including restaurant, nightlife, and an adjacent apartment tower which was sold in October 2020.