Conrad hotels announces its entry into the Chicago market
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Conrad hotels announces its entry into the Chicago market
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Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2005-11-30
Hotel on Chicago's famed Magnificent Mile to be extensively repositioned
CHICAGO - November 8, 2005 - Conrad Hotels, the luxury brand of the Hilton Family of Hotels, has announced it will assume management and repositioning of an existing hotel at one of Chicago's most prestigious addresses on Rush Street overlooking Michigan Avenue.
The 311-room Conrad Chicago, previously a Le Meridien hotel, has been purchased by an investment group led by Chicago-based Lodging Capital Partners, LLC., which has signed an agreement with Conrad Hotels to operate and manage the hotel.
Plans for a complete repositioning of the hotel are being developed, and once complete, will significantly enhance the luxury experience - providing new levels of exemplary service, contemporary décor and luxurious amenities, synonymous with Conrad hotels worldwide. In addition, special attention will be paid to infusing the hotel with Chicago's rich cultural and artistic flavor.
"We are excited that Conrad Hotels is now in Chicago - no doubt, one of the most important and vibrant cities in North America - and this is certainly an essential part of the Conrad brand's expansion plans in the region," said Dieter Huckestein, chairman and CEO, Conrad Hotels. "The synergies provided by the strong existing network of the Hilton Family of Hotels in Chicago will help ensure the success of this new luxury option."
The growth of the Conrad brand in North America will continue in March 2006 with the opening of the Conrad Indianapolis. The U.S. portfolio will then include the two Midwest properties, The Waldorf Towers® in New York City and the Conrad Miami.
The Conrad Chicago is located between Rush Street and Michigan Avenue in the heart of Chicago's Magnificent Mile. With an exclusive entrance at 521 North Rush Street, the Conrad Chicago rises above the Westfield North Bridge shopping center and the Nordstrom department store on North Michigan Avenue. The hotel's favorable location gives it close proximity to The Loop, Chicago's financial district, Lake Michigan, Navy Pier and the Merchandise Mart.
"We have every confidence that the Conrad Chicago will offer an excellent luxury product in such a strategic market place," said Steve Kisielica, principal, Lodging Capital Partners. "We are pleased that Conrad, one of the world's finest hotel brands, has joined us in this partnership, which will lead to a range of mutually beneficial achievements for our two companies."
About Conrad Hotels
With award-winning properties in the U.S, U.K., Ireland, Belgium, Egypt, Turkey, Hong Kong, Singapore, Thailand, Indonesia, Japan, Australia and Uruguay, Conrad has 19 luxury city and resort hotels that welcome guests in exotic and cosmopolitan destinations. Conrad Hotels has established and maintained the highest levels of service delivery with the renowned "Conrad Service Culture." The hotels provide fine accommodation, excellent restaurants, fully equipped health clubs and sophisticated meetings facilities. Six Conrad development projects are planned in the US, the Caribbean, Thailand, China, Indonesia and the UAE (Dubai) between 2006 and 2008. All Conrad guests benefit from the Hilton worldwide reservation system and its acclaimed guest loyalty program, Hilton HHonors®.
For information about Conrad Hotels and bookings, please visit: www.ConradHotels.com contact your professional travel agent or call 1-800-CONRADS from the U.S. and Canada. Outside the U.S. and Canada, please contact the nearest Hilton Reservations Worldwide office or the hotel direct. The Conrad dedicated meetings website is: www.ConradMeetings.com.
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