Union Investment to Acquire Iconic LondonHouse Chicago for $315M from Oxford Capital and Angelo, Gordon

LondonHouse Chicago | April 18, 2016

CHICAGO, April 18, 2016 -- An Oxford Capital Group, LLC ("Oxford Capital") led venture with Angelo, Gordon today announces the $315 Million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany's Union Investment Real Estate ("Union Investment"). Scheduled to open Spring 2016, LondonHouse Chicago is Oxford Capital's latest luxury lifestyle hotel development. The hotel features 452-rooms located on Floors 3 – 22 of the Alfred S. Alschuler-designed London Guarantee & Accident Building, and the entire new 22-story architectura...