Geller and Wanxiang America Acquire Controlling Interest of Iconic Waldorf Astoria Chicago

Waldorf Astoria Hotels & Resorts | July 22, 2015

CHICAGO, July 22, 2015 -- "It is a terrific time to be in the luxury hotel business, especially in Chicago, due to its growth in tourism. This hotel's world-class location, physical attributes and current market position provide a wonderful platform from which to grow," so stated Laurence Geller, chairman of Geller Investment Co., upon aquiring a majority interest in the Waldorf Astoria Chicago. It is the second Chicago hotel that Geller's company, teamed with Wanxiang America Real Estate Group, announced in the last year. The first was the Conrad Chicago, which is just steps off of Michigan Avenue on Erie Street, and due to open in the...