CHICAGO, April 13 -- HCP Oxford OBG Cass Property Company,
LLC., which is affiliated with Chicago-based Oxford Capital Group, LLC, has
purchased the historic Hotel Cass located at 640 North Wabash, in the
burgeoning river north section of downtown Chicago.
"We are excited to be acquiring the Hotel Cass. We expect to
strategically reposition the asset to maximize its potential and to take
advantage of the improving fundamentals in the downtown Chicago hotel
market," said John W. Rutledge, CEO of the Oxford Capital Group, LLC.
Plans for the 165-room, 15-story hotel include a multifaceted
transformation; a comprehensive physical redevelopment, operational
repositioning and possibly, a strategic re-branding.
Oxford Capital Group, LLC. is a real estate and private equity
investment firm and holding company, with a historic emphasis on the
hospitality sector, headquartered in Chicago, with affiliated offices and
locations in Los Angeles, New York City, Palm Beach, San Francisco, Tokyo
and Washington D.C. (Northern Virginia). For more information, call
312.755.9500 or visit http://www.oxford-capital.com .
The Bricton Group is a full service hotel management company
headquartered in Park Ridge, Illinois. For more information, call
847.693.3800 or visit http://www.bricton.com .
The Gettys Group is an award-winning interior design, design
architecture and fulfillment firm with offices in Chicago and Miami. For
more information, call 800.757.7562 or visit http://www.gettys.com .
