Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Pritzker Plans to Open Luxury Boutique Hotel in Chicago

John Pritzker, son of the late Hyatt Hotels Corp. founder Jay Pritzker, and investment company AJ Capital Partners agreed to buy the Chicago Athletic Association building and convert it to a luxury boutique hotel.

The partners will pay $13 million for the historic South Michigan Avenue property, formerly home to a private club, and spend $20 million on the conversion, John Pritzker said in a telephone interview. The purchase from Dallas-based Lone Star Funds is scheduled for completion by the end of the day on July 20, said Ben Weprin, founder of Chicago-based AJ Capital.

The hotel, which will have 240 to 260 rooms when it opens in early 2014, will be operated as a Thompson Hotels property, Pritzker said. Thompson, whose other locations include the Hollywood Roosevelt hotel in Los Angeles, is one of the brands owned by closely held Commune Hotels & Resorts. Pritzker is co-chairman of the New York-based company.

Commune has two other hotels in Chicago.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.