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 November Online Hotel Business Review




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Feature Focus
Architecture & Design: Authentic, Interactive and Immersive
If there is one dominant trend in the field of hotel architecture and design, it’s that travelers are demanding authentic, immersive and interactive experiences. This is especially true for Millennials but Baby Boomers are seeking out meaningful experiences as well. As a result, the development of immersive travel experiences - winery resorts, culinary resorts, resorts geared toward specific sports enthusiasts - will continue to expand. Another kind of immersive experience is an urban resort – one that provides all the elements you'd expect in a luxury resort, but urbanized. The urban resort hotel is designed as a staging area where the city itself provides all the amenities, and the hotel functions as a kind of sophisticated concierge service. Another trend is a re-thinking of the hotel lobby, which has evolved into an active social hub with flexible spaces for work and play, featuring cafe?s, bars, libraries, computer stations, game rooms, and more. The goal is to make this area as interactive as possible and to bring people together, making the space less of a traditional hotel lobby and more of a contemporary gathering place. This emphasis on the lobby has also had an associated effect on the size of hotel rooms – they are getting smaller. Since most activities are designed to take place in the lobby, there is less time spent in rooms which justifies their smaller design. Finally, the wellness and ecology movements are also having a major impact on design. The industry is actively adopting standards so that new structures are not only environmentally sustainable, but also promote optimum health and well- being for the travelers who will inhabit them. These are a few of the current trends in the fields of hotel architecture and design that will be examined in the November issue of the Hotel Business Review.