Ian Schrager has purchased the iconic 285-key Ambassador East hotel in Chicago, according to GlobeSt.com. Schrager, who says he bought the property for its history and presence, is planning a two-year multimillion-dollar renovation. Four years ago, the hotel was slated to become condos, but those plans never came to fruition. Schrager also says he will probably keep the Ambassador East name.
Ian Schrager Purchases Chicago’s Ambassador East Hotel
The developer is planning a two-year multimillion-dollar renovation of the iconic property.
Ian Schrager Purchases Chicago’s Ambassador East Hotel
The developer is planning a two-year multimillion-dollar renovation of the iconic property.
