Who Owns the Drake Hotel? A Tale of Luxury and Ownership
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| Who Owns Drake Hotel Chicago |
The Drake: A Chicago Icon
The Drake Hotel. Just saying the name conjures up images of old-school glamour, impeccable service, and maybe a ghost or two. It's one of those places that feels like it's been there forever, a steadfast sentinel guarding the shores of Lake Michigan. But have you ever wondered who actually owns this iconic piece of Chicago real estate? Let's dive in.
A Brief History Lesson (Because Who Doesn't Love a Good Story?)
Believe it or not, the Drake wasn't always a Hilton. It was built by a group of wealthy Chicagoans back in 1920, including members of the Palmer, Armour, Swift, and McCormick families (yep, those McCormicks). So, initially, the hotel was kind of like a giant, fancy co-op.
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Fast forward to 1980, and Hilton International takes over the management. Then, in 1996, they decided they liked it so much they bought the whole shebang. But here's where things get a bit more complicated.
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The Drake's Current Ownership: A Bit of a Mystery
As of now, the Drake Hotel is owned by a group of investors. It's not just one person or even one company calling the shots. There are multiple owners, and the situation is a bit like trying to figure out who ate the last slice of pizza.
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One thing we do know is that the Brashears family holds a significant stake in the hotel. They're partnered with a company called Acore Capital. Together, they own a whopping 90% of the Drake. So, while it's not a straightforward answer, we can say with reasonable confidence that the Brashears family is the major player in the Drake ownership game.
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The Drake: A Hot Commodity
It’s no secret that the Drake is a prime piece of real estate. Its location, history, and reputation make it a highly desirable property. In fact, the entire hotel has been put up for sale! So, who knows, maybe you could be the next owner of this Chicago landmark. Just make sure you have a really, really big wallet.
How to... Drake Hotel Edition
- How to book a room at the Drake Hotel: You can book a room directly through the Drake Hotel's website or through popular online booking platforms.
- How to experience the Drake's Afternoon Tea: Afternoon Tea is a beloved tradition at the Drake. Reservations are recommended, especially on weekends.
- How to find the Drake Hotel: It's located at 12 East Delaware Place, Chicago, Illinois.
- How to imagine owning the Drake Hotel: Close your eyes, take a deep breath, and let your mind wander.
- How to enjoy your stay at the Drake: Relax, indulge, and soak up the historic charm.
So, there you have it. The Drake Hotel: a luxurious enigma wrapped in a historic building. While the ownership might be a bit complex, one thing's for sure: the Drake continues to be a dazzling star in Chicago's crown.
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