When it comes to real estate investments, it’s important to know who owns the property you’re interested in. One such property that has caught the attention of many investors is London House Chicago.
So, who owns this iconic building located in the heart of downtown Chicago? Let’s find out.
History of London House Chicago
Before we delve into who owns London House Chicago, let’s first take a quick trip down memory lane and explore the history of this magnificent building.
London House Chicago was originally built in 1923 as a commercial office building. It was later converted into a hotel in 2016 by Oxford Capital Group, LLC. The hotel boasts 452 rooms and suites spread across 21 floors and offers stunning views of the Chicago River and the city skyline.
The Current Owners
So, who currently owns London House Chicago? The answer is that Oxford Capital Group, LLC is still the owner of this iconic property. This real estate investment firm is based in Chicago and has been involved in several high-profile projects across the country.
About Oxford Capital Group
Oxford Capital Group was founded by John W. Rutledge in 1998 and is focused on acquiring, developing, and operating high-end hotels and resorts across North America and Europe. The company has a diverse portfolio that includes properties such as Godfrey Hotel & Cabanas Tampa, Hotel Julian Chicago, The Langham Boston, among others.
The Future of London House Chicago
While Oxford Capital Group currently owns London House Chicago, they have recently announced plans to sell the property for an estimated $315 million to Anbang Insurance Group Co., a Chinese insurance company. The sale is still pending approval from the Committee on Foreign Investment in the United States (CFIUS).
If approved, Anbang Insurance Group Co. plans to further invest in London House Chicago by upgrading the hotel’s facilities and amenities to enhance the guest experience. The company has a reputation for investing in high-end real estate properties across the globe, including The Waldorf Astoria in New York City.
Conclusion
In conclusion, London House Chicago is currently owned by Oxford Capital Group, LLC, one of the leading real estate investment firms in Chicago. While plans are in place for a potential sale to Anbang Insurance Group Co., it remains to be seen what the future holds for this iconic property. Regardless of who owns it, London House Chicago will continue to be a popular destination for tourists and locals alike, thanks to its prime location and luxurious amenities.