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Interstate Hotels Adds Two Loop Properties to Mgt. Portfolio
Management firm Interstate Hotels & Resorts has added a pair of historic properties to its portfolio, both developed by Chicago-based Murphy Development Group. They’re the Hampton Inn Chicago Downtown /N Loop/Michigan Avenue and the Cambria Hotel Chicago Loop-Theatre District.
Arlington, VA-based Interstate Hotels currently manages another property in the Murphy Asset Management portfolio, Hyatt Centric The Loop Chicago, as well as several properties in Chicago’s suburbs. “Interstate has been a strong manager for us and we look forward to their support with these two iconic Chicago hotels,” said John T. Murphy, chairman and CEO of MDG, MAM’s parent company.
The Hampton Inn Chicago Downtown/N Loop/Michigan Avenue is a 143-key property, located in the historic Chicago Motor Club building one block south of the Chicago River. The 199-key Cambria Hotel (pictured) was originally constructed in 1927 and is situated above the historic Ford Center for the Performing Arts Oriental Theatre.
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