Oxford Capital Plans Fall Opening for Hotel Julian Chicago, an Adaptive Re-Use Conversion of the Historic Atlantic Bank Building
August 7, 2018 12:36pm
(CHICAGO, Ill; August 7, 2018) – Oxford Hotels & Resorts, LLC, the Chicago-based hotel management and branding affiliate of Oxford Capital Group, LLC, announces the opening of Hotel Julian Chicago in fall 2018. The Oxford Capital Group and Quadrum Global partnership led the redevelopment and adaptive re-use hotel conversion of the historic Atlantic Bank Building at 168 North Michigan Avenue. This project is the flagship property of Oxford’s latest luxury lifestyle hotel brand named after St. Julian, the patron saint of hospitality and travelers, this new destination infuses the vibrant North Michigan Avenue-Millennium Park hotel market with a stylish new addition.
Situated diagonally across from Millennium Park on North Michigan Avenue on the eastern side of the central business district, the $75+ million development is preserving many of the original components of the iconic Benjamin Marshall-designed building in the new hotel design to create a striking contrast of old and new. The brick walls in the hotel lobby and restaurant contain the original 100-year-old bricks.
“Located just steps from many of Chicago’s most prominent attractions – including Millennium Park, the Cultural Mile, Navy Pier, and the Riverwalk – Hotel Julian brings together the city’s celebrated architecture, compelling history, and cultural refinement,” says John W. Rutledge, founder, president, and chief executive officer of Oxford Hotels & Resorts, LLC and its parent company, Oxford Capital Group, LLC. “We consider Hotel Julian an ‘original remix,’ synchronizing some of Benjamin Marshall’s original classical elements with a distinctive contemporary five-story addition, while presenting a modern take on the luxury lifestyle hotel experience.”
Each of the 218 spacious and contemporary guestrooms offers stunning views of Millennium Park, the lake, and the city. The hotel offers a state-of-the-art, 24-hour fitness center in addition to About Last Knife, Oxford’s latest chef-driven food and beverage concept/venue.
“I’m honored to be a part of the Hotel Julian opening team,” said Luda Chervona, Area General Manager for Hotel Julian Chicago. “The hotel brings together the best aspects of the city and is truly where the Magnificent Mile meets the Cultural Mile. We are delighted to introduce Oxford’s latest luxury lifestyle hotel to North Michigan Avenue/Millennium Park and look forward to welcoming guests to a one-of-a-kind destination.”
Hotel Julian is a joint venture development between Oxford Capital Group and Quadrum Global. To learn more about Hotel Julian, please visit www.hoteljulianchicago.com.
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Oxford Capital Group, LLC is a national real estate investment, development and management firm. Oxford Hotels and Resorts, LLC is its wholly owned hotel operating affiliate. Oxford, its affiliates, and principals have been involved in approximately $3 billion of real estate and private equity investments, including approximately 13,000 hotel rooms and over 2,000 senior housing units. The firm's primary areas of focus are hospitality, mixed-use, senior housing, multifamily, urban retail, parking, and other operationally intensive forms of real estate. This includes health, fitness, spa, athletic and sports/entertainment destination clubs, and entertainment destination outlets including hotel rooftop venues. Oxford's geographic focus includes the nation’s top cities, such as Chicago, New York City, metro Washington D.C., Boston, Los Angeles, San Francisco, and other select markets with unique attributes including Charleston, SC, New Orleans, LA, and a variety of markets throughout Florida. In addition to such national projects as Hotel Lexington NYC, The Metropolitan Hotel NYC, The National Conference Center in Northern Virginia, The Godfrey Hotel Boston, and The Godfrey Hotel Hollywood, Hotel Julian is Oxford’s 13th hotel project in the Chicagoland market. These have included such award-winning developments as LondonHouse, The Langham, The Godfrey, Hotel Felix, Hotel Essex, Hyatt Magnificent Mile, Hotel Cass, Hotel Versey, Renaissance Chicago-North Shore, Doubletree North Shore Hotel and Conference Center, Hyatt House Chicago-Northwest, and Claridge House. Its growing hospitality brand collection includes ALK, The Godfrey Hotel & Cabanas, Cass, Essex, SX, Felix, Godfrey, I|O, LondonHouse, LH, Julian, WTR Pool & Grill, and SpaBoutique. For information, visit www.oxford-capital.com or www.ohrllc.com
Quadrum Global is a global real estate investment and development firm focused on value-add opportunities. Through its network of six offices and affiliates worldwide, the firm is currently targeting value-add opportunities mainly in the U.S. and the U.K. Since 2009, the group has committed over $1 billion in capital to real estate investments in the US and grown its total portfolio to $2 billion. For more information, visit www.quadrumglobal.com.
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