--- In [email protected], bbrigante <[EMAIL PROTECTED]> wrote: > http://www.globest.com/news/306_306/chicago/135246-1.html > > "Sage Hospitality Resources executive vice president Kenneth J. Geist > says his company has been attempting to acquire the hotel at 636 S. > Michigan Ave. for five years. The property has been vacant since 1999 > as plans by Tennessee-based Maharishi Global Development Fund to > convert the building into about 100 luxury condominiums have fizzled. > > > Although Maharishi Global Development Fund has sought a much higher > price, according to the city's department of planning and > development, Sage Hospitality Resources has struck a deal to buy the > 321,516-sf asset overlooking Grant Park for $22.3 million. Still, > city appraisals place the value of the hotel at $16 million to $19 > million. > Bob, Do you know what the movement paid for the hotel? Looks like it's a good time to sell movement real estate in the US. Veda Land , Chicago and the few others that have been mentioned in the last 6 or 8 months. Looks like the property purchased in the last round of projects and fund raising is ripe to move.
JohnY To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
