Portfolio Item

Le Méridien Essex Chicago, Chicago, IL

Hotel Repositioning

Property Details
Hotel Brand / Name: Le Méridien Essex Chicago
Project Metrics - Hotel: 155,070 sq.ft
Acquisition Date: November 2014
Completion Date: 2019
Location: 800 S. Michigan Ave, Chicago, IL

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.

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