Oxford OBG and Waterton Acquire North Shore Hotel and Executive Conference Center
CHICAGO, IL, March 1, 2006. Oxford OBG-Waterton Skokie Hotel Property Company LLC., a joint venture of Chicago-based Oxford OBG Hospitality Investment Fund, and Chicago-based Waterton Associates LLC. has acquired the 20,000 square-foot North Shore Hotel and Executive Conference Center located at 9599 Skokie Blvd in Skokie, Illinois.
"We are excited to dramatically transform this well-located and once proud asset and once again make it an epicenter of social and business activity," said John W. Rutledge, President of the Oxford Capital Group, LLC.
Plans for the 367-room, full service Hotel and Conference Center that sits on six acres, will include the execution of a comprehensive, multi-million dollar physical redevelopment, operational repositioning and strategic re- branding of the hotel. Once completed, the conference center is scheduled to become the Doubletree North Shore Hotel and Executive Conference Center.
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