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Chicago & Midwest  + Hospitality  |  October 23, 2020
Paul Bubny
By: Paul Bubny

Landmark Art Deco Tower Will Become Chicago’s First Pendry Hotel

California-based Montage International acquired the landmark Carbide & Carbon Building at 230 N. Michigan Ave. and will renovate the Art Deco tower to become the first Chicago location for Pendry Hotels & Resorts.

Crain’s Chicago Business reported that Montage acquired the property from longtime owner Becker Ventures, which opened the St. Jane Hotel there two years ago. Terms weren’t disclosed.

“We are incredibly proud to bring Pendry to the great city of Chicago,” said Montage CEO Alan J. Fuerstman. “We plan to honor the history imbued in the Carbide & Carbon Building by elevating and accenting its iconic design, injecting the exceptional service and guest experience for which Pendry Hotels & Resorts are known, and celebrating the remarkable city through food, spirits, art and creativity.”

Montage has sought to open a Chicago Pendry for some time. A previous attempt to bring the brand to Chicago didn’t pan out, Crain’s reported.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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