From funky boutique hotels in Fulton Market to the gleaming 1,200-room Marriott Marquis welcoming conventioneers at McCormick Place, Chicago is suddenly brimming with new and diverse places to get a room for millions of annual visitors.
Oxford opened two Chicago hotels in the last year: Hotel Julian, a 218-room boutique hotel in the former Atlantic Bank Building on North Michigan Avenue and the redeveloped Hotel Essex on South Michigan Avenue. But Oxford, one of the city’s most prolific hotel developers, has no new Chicago projects in the pipeline heading into 2020, a reflection of a market Rutledge said is facing “heavy headwinds” in the near term from the surge in supply.
Chicago Tribune speaks to John Rutledge to see how Oxford Capital Group continues its growth as the hotel industry takes over a Chicago’s market. Read more below.chicagotribune.com-Too-many-hotel-rooms-in-Chicago-Prices-and-occupancy-are-down-good-for-you-bad-for-hoteliers