Sunday, February 22, 2009

Quickie: Marriott Pulls Out of 150 East Ontario

Crain's Chicago Business reports that Marriott has decided to pull out  of the mixed condo and hotel tower planned for 150 East Ontario .  The tower was going to be the home of a Marriott "Edition" hotel -- one of 100 planned around the world.

Crain's says the developer still plans to go ahead with the project, which would replace a small strip of unremarkable shops and restaurants just east of Michigan Avenue.

While more and more new hotels are going brandless lately, in these uncertain times it's good to have a brand's reservation system feeding you bookings when a hotelier opens a new property.

For what it's worth, Chicago still lacks an Adam's Mark hotel.  Maybe that's a direction the developer could turn.

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