Affiliate of Oxford Capital Acquries Hotel Cass in Chicago
CHICAGO, IL, April 13, 2006. HCP Oxford OBG Cass Property Company, LLC., which is affiliated with Chicago-based Oxford Capital Group, LLC, has purchased the historic Hotel Cass located at 640 North Wabash, in the burgeoning River North section of downtown Chicago.
"We are excited to be acquiring the Hotel Cass. We expect to strategically reposition the asset to maximize its potential and to take advantage of the improving fundamentals in the downtown Chicago hotel market," said John W. Rutledge, CEO of the Oxford Capital Group, LLC.
Plans for the 165-room, 15-story hotel include a multifaceted transformation; a comprehensive physical redevelopment, operational repositioning and possibly, a strategic re-branding.
Oxford Capital Group, LLC. is a real estate and private equity investment firm and holding company, with a historic emphasis on the hospitality sector, headquartered in Chicago, with affiliated offices and locations in Los Angeles, New York City, Palm Beach, San Francisco, Tokyo and Washington D.C. (Northern Virginia). For more information, call 312.755.9500 or visit www.oxford-capital.com.
The Bricton Group is a full service hotel management company headquartered in Park Ridge, Illinois. For more information, call 847.693.3800 or visit www.bricton.com.
The Gettys Group is an award-winning interior design, design architecture and fulfillment firm with offices in Chicago and Miami. For more information, call 800.757.7562 or visit www.gettys.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
