CHICAGO-Oxford Capital Group LLC of Chicago is partnering withCube Capital, an overseas investment firm, to complete a deferredhotel project in River North. Originally considered as a StaybridgeSuites, the independent hotel with 221 rooms is scheduled to beopened next year as the Godfrey Hotel.
Earlier this year, Oxford assumed control over the propertyafter purchasing a defaulted construction loan on the developmentand working out a deed-in-lieu of foreclosure with the project'sdeveloper, a venture headed by Duke Miglin. For the full story,go to Crain's Chicago Business .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
