Acquisitions & Hotel Openings

Oxford Capital Group & Quadrum Global Converting Chicago's Former Atlantic Bank Building into Hotel Julian, Oxford's Flagship Property

Chicago's Historic Atlantic Bank Building is being transformed into the flagship for Oxford's "Hotel Julian" luxury lifestyle brand set to open in late 2018

CHICAGO, IL. April 19, 2017 – Oxford Capital Group and Quadrum Global today announced that the comprehensive redevelopment and adaptive re-use hotel conversion of the historic Atlantic Bank building at 168 North Michigan Avenue will be christened the Hotel Julian, the flagship property of Oxford’s latest luxury lifestyle hotel brand. Diagonally across from Millennium Park, the $75 + million development is slated to open in late 2018.

“We are excited to be transforming this historic Benjamin Marshall designed building and simultaneously launching our latest luxury lifestyle hotel brand,” says John W. Rutledge, Founder, President and Chief Executive Officer at Oxford Capital Group, LLC, and its wholly owned subsidiary Oxford Hotels & Resorts, LLC. “After an extensive naming and branding process, we chose the name Julian for a variety of reasons. The most significant of which was the fact that Julian is derived from St. Julian Hospitaller, the Patron Saint of Hospitality and Travelers. Thus it felt particularly appropriate for a lifestyle hotel brand in a building with such a distinguished architectural pedigree and in such a prominent location on North Michigan Avenue across from Millennium Park.”

168 North Michigan Avenue was designed by the famed architectural firm Marshall & Fox, architects of such iconic properties as The Drake, The Blackstone, The Edgewater Beach Hotel & Apartments, and several prominent buildings on North and East Lake Shore Drive. The Oxford-Quadrum venture is restoring the building’s historic terra cotta facade and seamlessly integrating it with modern design elements. The design incorporates a five-story addition on top of the existing structure clad in a faceted glass curtain wall, which is brought down, through the terra cotta façade to the base of the building. At ground level a two-story façade with a folding glass wall set within a terra cotta portal will open up the Workshop / APD designed food and beverage venue and lobby to Michigan Avenue and an outdoor dining experience. The interiors of the hotel rooms have been designed to provide modern, yet elegant accommodations. A second western entrance, located on Garland Court, leads to the building’s contemporary lobby and allows easy drop-off and pick-up of hotel guests.

“The building’s Michigan Avenue location, diagonally across from Millennium Park, as well its proximity to Chicago’s thriving central business district and the Chicago River, make this an optimal place to create a high design and experiential lifestyle hotel that caters to business and leisure travelers alike,” says Sarang Peruri, Principal at Oxford Capital Group, LLC.

To be managed by Oxford Capital Group affiliate, Oxford Hotels & Resorts, LLC, each of the 218 spacious and contemporary guestrooms will offer stunning views of Millennium Park and the lively city surrounding it. The hotel will also feature a unique chef-driven food and beverage venue with indoor and outdoor seating called About Last Knife (ALK), and a state-of-the-art, 24-hour fitness center. To learn more about Hotel Julian, please visit www.oxford-capital.com or www.ohrllc.com.

About Oxford Capital Group, LLC and Oxford Hotels & Resorts, LLC

Oxford Capital Group, LLC is a national real estate investment, development and management firm. Oxford Hotels and Resorts, LLC is its wholly owned hotel operating affiliate. Oxford, its affiliates, and principals have been involved in approximately $3 billion of real estate and private equity investments, including approximately 13,000 hotel rooms and over 2,000 senior housing units. The firm's primary areas of focus are hospitality, mixed-use, senior housing, multifamily, urban retail, parking, and other operationally intensive forms of real estate. This includes health, fitness, spa, athletic and sports/entertainment destination clubs, and entertainment destination outlets including hotel rooftop venues. Oxford's geographic focus includes the nation’s top cities, such as Chicago, New York City, metro Washington D.C., Boston, Los Angeles, San Francisco, and other select markets with unique attributes including Charleston, SC, New Orleans, LA, and a variety of markets throughout Florida. In addition to such national projects as Hotel Lexington NYC, The Metropolitan Hotel NYC, The National Conference Center in Northern Virginia, The Godfrey Hotel Boston, and The Godfrey Hotel Hollywood, Hotel Julian is Oxford’s 12th hotel project in the Chicagoland market. These have included such award winning developments as LondonHouse, The Langham, The Godfrey, Hotel Felix, Hotel Essex, Hyatt Magnificent Mile, Hotel Cass, Hotel Versey, Renaissance Chicago-North Shore, Doubletree North Shore Hotel and Conference Center, Hyatt House Chicago-Northwest. Its growing hospitality brand collection includes ALK, Bay Harbor, Beach, Cass, Essex, SX, Felix, Godfrey, I|O, LondonHouse, LH, Julian, and SpaBoutique. For information, visit www.oxford-capital.com or www.ohrllc.com.

About Quadrum Global

Quadrum Global is a global real estate investment and development firm focused on value-add opportunities. Through its network of six offices and affiliates worldwide, the firm is currently targeting value-add opportunities mainly in the U.S. and the U.K. Since 2009, the group has committed over $1 billion in capital to real estate investments in the US and grown its total portfolio to $2 billion. For more information, visit www.quadrumglobal.com.

Contact:
For Oxford Capital Group
LLC Wagstaff Worldwide
karla@wagstaffworldwide.com
312.943.6900

Coming Up In The July Online Hotel Business Review




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Hotel Spa: Measuring the Results
As the Hotel Spa and Wellness Movement continues to flourish, spa operations are seeking new and innovative ways to expand their menu of services to attract even more people to their facilities, and to and measure the results of spa treatments. Whether it’s spa, fitness, wellness meet guest expectations. Among new developments, there seems to be a growing emphasis on science to define or beauty services, guests are becoming increasingly careful about what they ingest, inhale or put on their skin, and they are requesting scientific data on the treatments they receive. They are open to exploring the benefits of alternative therapies – like brain fitness exercises, electro-magnetic treatments, and chromotherapy – but only if they have been validated scientifically. Similarly, some spas are integrating select medical services and procedures into their operations, continuing the convergence of hotel spas with the medical world. Parents are also increasingly concerned about the health and well-being of their children and are willing to devote time and money to overcome their poor diets, constant stress, and hours spent hunched over computer, tablet and smartphone screens. Parents are investing in wellness-centric family vacations; yoga and massage for kids; mindfulness and meditation classes; and healthy, locally sourced, organic food. For hotel spas, this trend represents a significant area for future growth. Other trends include the proliferation of Wellness Festivals which celebrate health and well-being, and position hotel spas front and center. The July issue of the Hotel Business Review will report on these trends and developments and examine how hotel spas are integrating them into their operations.