—Davidson Hotels & Resorts has taken over management of the rebranded 417-room Hyatt Chicago Magnificent Mile, which will undergo a $25 million capital improvement program. Owned by Sunstone Hotel Investors, the Hyatt Chicago Magnificent Mile marks the second hotel that Davidson operates on behalf of Sunstone, and its seventh Hyatt-branded hotel.
Located at 633 North Saint Clair Street in Chicago, the 17-storyis adjacent to Northwestern University’s Downtown campus and Northwestern Memorial Hospital. Chicago’s Gold Coast, Lake Michigan and the Magnificent Mile retail district are also in close proximity to the hotel.
Details of the capital improvement program include the addition of a new check-in space, new restaurant, lounge and public spaces, new furniture, artwork, lighting and flooring.
In addition, the fitness center will double in size and get updated equipment. A newly updated business center is also planned.