Elysian Hotels
 




   
Chicago Racked by Room Glut
Chicago Tribune
Hotel market hit by declining demand, falling rates as new properties open and compete for dwindling tourism dollars. (More...)
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A Few Hoteliers Forge ahead in Down Economy
Wall Street Journal: Market Watch
No slowdown for Chicago's luxury Elysian or IHG's Indigo boutiques. (More...)
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On the Market: Chicago
The Robb Report
After walking through a European courtyard in the Windy City's Gold Coast neighborhood, entrants to the 60-story Elysian Chicago will be greeted by an 8-foot-wide sunburst chandelier covered in Austrian and glass crystals. (More...)
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Suite Dreams
Chicago Social
New arrivals and updated favorites give the hotel scene an alluring jolt with killer rooftops, top-notch spas and A-list amenities. (More...)
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A Conversation with Jason McLeod
Chicago Magazine
News, Tips and Inside Information from the Dining Editors of Chicago magazine. (More...)
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Heaven on Earth: The Gold Coast's Newest Luxury Hotel Stands up Tall to the Hype
Chicago Social Brides
We've been watching its 60-story progress ever since the first bulldozer hit the dirt in 2006, wondering if the end results would live up to the name: Elysian Hotel Chicago. (After all Elysian is the mythological resting place of the gods.) No one can say for sure until the doors officially open in the spring, but with elegantly adorned guest rooms a beautiful drive-up courtyard, sweeping views of Lake Michigan and the city, stylish shops.... (More...)
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Home Suite Home: The Designers behind the Elysian are Gaga for Glamour
Michigan Avenue Magazine
Gina Deary and Lisa Simeone, the fashionable founders of the Chicago-based Simeone Deary Design Group, had one principle guiding their work for the soon-to-open Elysian Hotel and Private Residences: timeless glamour. (More...)
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The Elysian: Luxurious Living on the Gold Coast
Shore Magazine
With more than 100 years of history of opulence and elegance, Chicago's Gold Coast Historic district has long been the home of the city's prominent citizens. With borders along North Avenue, Lake Shore Drive, and Clark and Oak Streets, this historical neighborhood will soon be home to the Elysian, an ultra-luxury hotel and residence designed by renowned architect Lucien Lagrange. (More...)
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A Nest in the City
Chicago Tribune Magazine
Mario and Traci Tricoci love the fast pace, bright lights and countless cultural events of the city. But for the sons, ages 2 and 4, they wanted what Maria had growing up in suburban Long Grove — green spaces, friendly neighbors and plenty of soccer. Tricoci thinks he has found the best of both worlds in Lincoln Park, where he and his wife are constructing their concrete, wood-and-glass dream home. (More...)
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Business Centers Take on New Life
Hotels Magazine Business Center
Two new luxury hotels about to come online, the Elysian Hotel Chicago and the Montage Beverly Hills in California, are taking different approaches to the business center. The Elysian will not have an official business center on property, instead choosing to focus its attention on in-room technology and amenities. (More...)
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New Construction in the Gold Coast
Chicago Sun-Times
Here are some of the specific details of the new residential high-rises, recently completed or under way, in the Gold Coast neighborhood on the Near North Side: (More...)
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Marc Jacobs to Open at Elysian Chicago
Luxist
Louis Vuitton designer Marc Jacobs will open a boutique for his signature collection at the lavish Elysian Hotel development in Chicago early in 2009. Jacobs' quirky, so-hip-it-hurts clothing is revered by celebs like Victoria Beckham, who starred in his ad campaign. (More...)
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Marc Jacobs to Open Store in Gold Coast
ChicagoRealEstateDaily.com
Trendy New York designer Marc Jacobs plans to open a store in the Elysian hotel and condo tower under construction in the Gold Coast. (More...)
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Vacation Dream Homes: The Elysian
Travel + Leisure
A grand Beaux Arts–style courtyard serves as the entrance to this Lucien Lagrange–designed high-rise in Chicago's Gold Coast neighborhood. (More...)
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Gilded Age Redux: Gold Coast Luxury Units Keep Rising
Chicago Tribune
Marilyn Perno loves to walk. Really loves to walk. So after raising her family in the Washington, D.C. area, and later living in Naperville, the born-and-bred Chicagoan, as she describes herself, helt it was time for a return to her pedestrian-friendly roots — this time to the Gold Coast. (More...)
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At Home: The 5-Star Hotelier: David Pisor
Chicago Tribune Magazine
Pisor will be in an unusual position when his Elysian Hotel opens in the Gold Coast in November 2008. "Most five-star hotels aren't run by owner-operators. Guests will benefit from our ability to do whatever it takes ... without any interference ... to make this property intimate and luxurious," he maintains. It's a claim he and his wife, Hilary, make good on in their own home, where comfort and closeness envelop and bond the whole family. (More...)
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Vision Quest: David Pisor's Elysian Hotel and Private Residences Aspires to Give the World's Most Luxurious Hotels and Condos a Run for Their Money
Chicago Social
For anyone who grew up reading books about Eloise — the tyke who terrorized the Plaza Hotel in New York — grand hotels represent a world of elegance and sophistication. But in recent years, that refinement seems to have been replaced by sleek, all-too-edgy hotels that dress their employees in hipster-friendly black and sometimes neglect basic luxuries in favor of more gimmicky services. Chicagoan David Pisor hopes to turn that trend around with his new project, the Elysian Hotel and Private Residences, a lavish condo/hotel hybrid located at 11 E. Walton St. that is scheduled to open in the fall of 2008. (More...)
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VACATION HOMES
ROBB Report
Three new developments in Chicago signal the ascent of the condo-hotel. In 1885, Chicago’s Home Insurance building opened on the corner of La Salle and Adams Streets as the world’s first skyscraper. The 10-story edifice, which featured a steel frame that supported the walls, introduced a new structural form that forever altered the way people work and where they live. Today, three construction projects in the Windy City are at the forefront of a movement that may change the way people travel and where they buy second homes. (More...)
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INFO JUNKIE / Story Maker
Crains
David C. Pisor, 42 is CEO of Elysian WorldWide LLC, a Chicago-based real estate development firm that is building the 60-story Elysian Hotel and Private Residences downtown. What interests him: The New York Times. “I like the breadth. I’m looking for lifestyle, business, technology, design. I’ll see a piece on a resort in Southeast Asia and be inspired by a unique service offered at the hotel.” (More...)
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Marketing Mania
Midwest Real Estate
His regal silver coif, furrowed brows and role as the distinguished, yet eccentric, owner of a rare goods company on one of TV’s most popular shows has Jones Lang LaSalle executives certain John O’Hurley can set their retail business apart from the crowd by featuring him in print ads. (More...)
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It's not always about location
Illinois Real Estate Journal
Condo-hotels are giving the baby boomers across the country new ways to live and vacation in luxury. From celebrity chefs to specialized spa treatments to attentive staff, those who invest in condo-hotels are getting much more than a time-share. While some experts argue that brand name and location are the major selling points of any condo-hotel, the developers seem to always be looking for ways to one-up their competition. High-end amenities are becoming standard and the comforts of hotels and home are being combined into luxurious living spaces. (More...)
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Newest hotels to develop part-time Chicagoans who buy luxury condos
Daily Herald
Even in marketing hotel-condominium units, the brand is important. So an ambitious Chicago startup called Elysian Worldwide LLC, which hopes to grow an empire of hotel-condo resorts starting with a planned new Gold Coast building, is marketing what it considers a high-end European courtyard feel, with considerable success: it has pre-sold 70 percent of its hotel-condo units at prices between $480,000 and $950,000. (More...)
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No end in sight for hotel condo craze
AP Business
Even in marketing hotel-condominium units, the brand is important. So an ambitious Chicago startup called Elysian Worldwide LLC, which hopes to grow an empire of hotel-condo resorts starting with a planned new Gold Coast building, is marketing what it considers a high-end European courtyard feel, with considerable success: it has pre-sold 70 percent of its hotel-condo units at prices between $480,000 and $950,000. (More...)
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The Elysian Hotel and Private Residences
New York Times
WHAT: Hotel and residential development
WHERE: Chicago
AMENITIES: Restaurants and a spa and fitness center, among others
PRICES: Condominium-hotel units from $480,000; private residences from $2.6 million
STATUS: Construction began a few months ago and should finish in 2008. (More...)
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Financing in place for Elysian
IR Reports
Despite questions about the hotel-condo market in Chicago, a New York subsidiary of a global capital provider is financing $203 million for the Elysian Hotel and Private Residences. The Elysian, to rise 60 stories at State and Delaware streets in the Gold Coast neighborhood, will be financed by Hypo Real Estate Capital Corp., a subsidiary of Hypo Real Estate Bank International based in Stuttgart. The floating rate construction loan will be for three years with a one-year extension. (More...)
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Splitting the difference
Chicago Tribune
Some folks dream of a second home by a lake, where the night sky is black and quiet, save for the crickets’ collective chirp. But others prefer a second home smack in the heart of the city, where the lights never dim, the party never ends and no cricket in his right mind would dare venture. Realtors have a name for people who keep their suburban family homes but buy downtown condos in the city: splitters. (More...)
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Bright Lights, Big City
North Shore Magazine
Meet Mr. and Mrs. X Like many suburbanites, they spent their post-collegiate years in Chicago, working and playing and carving out their destiny. But when the children came along, the lure of green grass and good school was hard to resist. So they did what young city folk did then—and still do—many generations later. They went north. (More...)
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Condo-hotels create risks, opportunities for buyers
USA Today
If only Eloise could see the new rooms at The Plaza Hotel, where the famous 6-year-old children’s book character lived on the top floor. The bathrooms have marble vanities and chandeliers. There’s a mini wireless computer that can change the temperature, order theater tickets or make dinner reservations. And there’s a butler on every floor. “Charge it, please,” she’d say. When The Plaza reopens in spring — after a $350 million renovation — you, too, will be able to live at the landmark building on Central Park South. (More...)
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Developer Sees First Project as Brand Flagship
Hotel Business
CHICAGO—The rage that is condo-hotels has inspired yet another residential real estate developer to come over to lodging, this time not only looking at building one project, but establishing a branded hotel company and an operating arm. First time hotel developer David Pisor, CEO, Elysian Development Group, is set to break ground here on Walton St. for the 60-story Elysian, which is held by the first Elysian Properties. Part of a joint venture with global investment group Arcapita, Inc., the estimated $245 million project includes 188 hotel suites and 51 pure condominium residences. The project, designed by noted hospitality architect Lucien LaGrange, is slated to be finished by year-end 2008. (More...)
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Broadening Luxury Segment Is Paving The Way For High-End Condo-Hotels
Hotel Business
NEW YORK—Luxury may be more of a state of mind than a price point nowadays, but it’s a money-driven concept that connotes top-of-the-line experiences and serves, nonetheless, as a lure for both hoteliers and consumers who want not only to be a part of the luxe life, but to benefit from it as well. A simple perusal of any condo-hotel prospectus, for example, basically proves the point: no one’s building mixed-use projects with fabulous midscale residences; everything – from the carpeting to the FF&E to garage space – is touted as being at the luxury level. And it’s easy to see why: A room with luxury carpeting is perceived as better than a room with carpeting, even if there’s no difference in the carpet product itself. (More...)
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Second Homes
Chicago Tribune
The hotel room of your choice always will be waiting for you – if you buy it. The latest real estate wrinkle imported to Chicago is the hotel-condo. Five downtown properties have announced they are going the hotel-condo route. Or, some call them condo-hotels. The product is the same either way. Basically, you buy a room in a hotel, stay there when you’re in town and receive payments when others use it. (More...)
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Hotel Condos
BDC
A few years ago, developer Kathleen Webb wondered about the viability of a mixed-use project that her firm was planning in Arlington, Va. Webb, a principal at the JBG Companies, Chevy Chase, Md., says the property, located in the Roselyn business district near the USA Today building, was approved for a 360-room hotel and office tower. The project had a lot going for it: a spectacular location near Key Bridge, with a view of Georgetown across the Potomac River, and a prestigious architecture firm, New York-based Pei Cobb Freed & Partners, as designer. (More...)
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Rooms With A View
Heartland Business
The revitalization of the downtown has become a big trend in real estate development. Old factories are being converted into mixed-use centers, aging office buildings are being rehabilitated and every spare inch of land is being developed. These new and revitalized developments are attracting more and more people downtown, creating a greater need for housing. As land is already scarce in big cities, developers have begun looking upwards when it comes to housing, building condominium projects that offer a range of amenities and features in a downtown environment. (More...)
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Two new condominium hotels offer unique lifestyles
Chicago Tribune
Resort, vacation areas and even large cities such as New York have long operated with timeshare or buyer-lease programs for frequent guests. Now two developers have decided to bring that model to Chicago. By the end of 2007, both Trump International Hotel and Tower and the Elysian Worldwide will open condominium hotels in Chicago. And both developers are betting that the model will work here. And, their gamble seems to be paying off. Trump has sold 70 percent of the available units, and the Elysian has sold 60 percent of its units. (More...)
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