March 23 at 2:55 p.m.
Filed under:
Real estate,
Updated
By Melissa Harris
Michael Jordan at a golf tournament last year. (Jeff Siner/Charlotte Observer/MCT)
A Michael Jordan-branded restaurant is returning to Chicago after a 12-year absence.
Michael Jordan’s Steak House will open in late summer in the second-floor dining room and ground-floor bar area of the InterContinental Chicago on North Michigan Avenue.
Chicago-based Strategic Hotels & Resorts, which owns the hotel, will own the restaurant. InterContinental will manage it, while licensing the Michael Jordan name from Jump Higher LLC, which is based in Chicago and managed by The Cornerstone Restaurant Group. Get the full story »
Feb. 16 at 10:58 a.m.
Filed under:
Hotels
By Reuters
Strategic Hotels & Resorts is using $95 million in stock to buy two Four Seasons hotels from the Woodbridge Company, which will become its largest investor.
The heavily-leveraged Strategic needs ways to retain and grow its 16-hotel portfolio of luxury properties without taking on more debt, said FBR Capital Markets analyst Patrick Scholes. Get the full story »
Aug. 9, 2010 at 4:51 p.m.
Filed under:
Hotels,
Stock activity
By Associated Press
Shares of Strategic Hotels & Resorts — a real estate investment trust active in the U.S., Mexico and Europe — rose on Monday, after an analyst said the company is poised for growth and upgraded the stock.
