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.