Who Owns Selina Hotel Chicago? A Tale of Woes
The Rise and Fall (Kinda) of Selina Chicago
So, you wanna know who owns Selina Hotel Chicago, huh? Well, buckle up, because this is a story more dramatic than a Kardashian breakup.
Once upon a time, there was a shiny new hotel on the Magnificent Mile called Selina Chicago. It was all about "vibes" and "community" and "experiential living" - whatever that means. People were like, "Wow, this place is cool!" and "I can totally see myself living here." But little did they know, a storm was brewing behind the scenes.
Hotel Capital: The Not-So-Superhero
Enter Hotel Capital, the knight in shining armor (or maybe more like the guy who thought he was a knight but actually just wore a tin foil hat). They bought Selina Chicago, all excited to be hotel owners. But then, reality hit harder than a Chicago winter. Apparently, running a hotel isn't just about having cool Instagrammable spots.
The Big Bad Wolf: LaSalle Investment Management
And then there's LaSalle Investment Management, the big bad wolf of this story. They lent Hotel Capital a bunch of money to buy Selina Chicago. But when the time came to pay up, Hotel Capital was like, "Uh, can we have a little more time?" LaSalle was not amused. They were like, "Nope, pay up or we're taking your hotel."
The Plot Thickens: Homeless Shelter?
Just when you thought things couldn't get any weirder, the City of Chicago decided they wanted to turn Selina Chicago into a homeless shelter. Talk about a plot twist! Hotel Capital and LaSalle were probably like, "Wait, what?" And the people who booked rooms at Selina for their "vibey" getaway were probably like, "Um, excuse me?"
So, to answer your burning question: Technically, Hotel Capital still owns Selina Chicago, but LaSalle Investment Management is breathing down their necks. And the future of the hotel is as uncertain as the Chicago weather.
How to...
- How to find a hotel that won't become a homeless shelter? Check the news daily, preferably with a side of sarcasm.
- How to invest in hotels without losing money? Have a time machine and avoid the hospitality industry in 2023.
- How to survive a Chicago winter? Layers, hot chocolate, and a really good Netflix binge.
- How to become a real estate mogul? Start small, maybe with a lemonade stand, and avoid lending money to people who want to buy hotels.
- How to deal with uncertainty? Embrace the chaos, laugh it off, and order pizza.