Conrad Hotels & Resorts reached an agreement with
China-based developer Wanxiang America Real Estate Group for a new hotel about
four blocks north of Conrad’s current downtown location.
The current Conrad Chicago will be reflagged under Starwood
Hotels & Resorts’ Luxury Collection by December, Starwood said earlier this
month. That 311-room hotel, owned by DiamondRock Hospitality, was built in
The new Conrad Chicago is scheduled to open next spring near
the intersection of Michigan Avenue and Erie Street. The 20-story property will
have 287 guestrooms.