>Ron F <[EMAIL PROTECTED]> wrote: > > MIDWEST BRIEFS > Deal completed for Blackstone > > Tribune staff, wire reports > Published December 23, 2005 >
$112 million. "A joint venture that includes Denver-based Sage Hospitality Resources LLC has closed on the acquisition of the shuttered Blackstone Hotel. A non-profit group headed by the Maharishi Mahesh Yogi owned the 22-story building." Oh, a *non-profit group* headed by Maharishi. It will be most interesting to follow the money and see what they do with it this time. Past performance is no indication of future returns? Jai Guru Dev, -Doug > A joint venture that includes Denver-based Sage Hospitality Resources LLC has closed > on the acquisition of the shuttered Blackstone Hotel at 636 S. Michigan Ave., and > plans to reopen the property in less than two years. A non-profit group headed by > the Maharishi Mahesh Yogi owned the 22-story building. After an unsuccessful attempt > to convert it into condominiums, the group hired Oakbrook Terrace- based real estate > firm NAI Hiffman to market the property. Sage's joint-venture partner in the $112 > million project is JPMorgan Fleming Asset Management, said Kenneth Geist, a partner > in Sage. The 327-room property will be part of the Marriott Renaissance chain but > will retain its historic name. > > > > Copyright © 2005, Chicago Tribune > > > > > > > __________________________________ > Yahoo! for Good - Make a difference this year. > http://brand.yahoo.com/cybergivingweek2005/ > ------------------------ Yahoo! Groups Sponsor --------------------~--> Join modern day disciples reach the disfigured and poor with hope and healing http://us.click.yahoo.com/lMct6A/Vp3LAA/i1hLAA/UlWolB/TM --------------------------------------------------------------------~-> 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/
