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Landmark Allerton Hotel in Chicago Under New Ownership

Landmark Allerton Hotel in Chicago Under New Ownership

Warwick International Hotels, a Paris-based hotel chain, has acquired the landmark Allerton Hotel on North Michigan Avenue in Chicago. According to Chicago Business, Warwick acquired the 443-room hotel from New York-based hedge fund manager Petra Capital Management LLC, which won ...

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Apple REIT merger creates 188-hotel REIT

Apple REIT merger creates 188-hotel REIT

Three Richmond-based real estate investment trust companies (REITs) are being merged into one, creating one of the largest REITs in the U.S. with 188 hotels and 23,490 rooms across the country. The deal to merge Apple REIT Seven Inc., Apple ...

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