Who Owns Selina Hotel Chicago? A Tale of Woes
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| Who Owns Selina Hotel Chicago |
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.
Tip: Absorb, don’t just glance.
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.
QuickTip: Pause at transitions — they signal new ideas.
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."
Tip: Reading carefully reduces re-reading.
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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?"
QuickTip: Read again with fresh eyes.
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.
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