Oxford OBG-Waterton Skokie Hotel Property Company LLC Acquires North Shore Hotel and Executive Conference Center

Oxford OBG-Waterton Skokie Hotel Property Company LLC., a joint venture of Chicago-based Oxford OBG Hospitality Investment Fund and Chicago-based Waterton Associates LLC., has acquired the North Shore Hotel and Executive Conference Center located at 9599 Skokie Blvd in Skokie, Illinois. The Hotel and Conference Center has more than 20,000 square feet of meeting and banquet space on six acres of land.

Chicago, IL (PRWEB) March 2, 2006 -

Waterton Skokie Hotel Property Company LLC., a joint venture of Chicago-based Oxford OBG Hospitality Investment Fund and Chicago-based Waterton Associates LLC., has acquired the North Shore Hotel and Executive Conference Center located at 9599 Skokie Blvd in Skokie, Illinois. The Hotel and Conference Center has more than 20,000 square feet of meeting and banquet space on six acres of land.

“We are excited to dramatically transform this well-located and once proud asset and once again make it an epicenter of social and business activity,” said John W. Rutledge, President of the Oxford Capital Group, LLC.    

Plans for the 367-room, full service Hotel and Conference Center that sits on six acres will include the execution of a comprehensive, multi-million dollar physical redevelopment, operational repositioning and strategic re-branding of the hotel. Once completed, the conference center is scheduled to become the Doubletree North Shore Hotel and Executive Conference Center.

About Oxford OBG

Oxford OBG includes Oxford Capital Group, LLC., The Bricton Group, Inc. and the Gettys Group Inc.

Oxford Capital Group, LLC. and its affiliates, including Oxford Capital Partners, Inc. is a real estate and private equity investment firm and holding company headquartered in Chicago, with affiliated offices and locations in Los Angeles, New York City, Palm Beach, San Francisco, Tokyo and Washington D.C. (Northern Virginia). For more information, call 312.755.9500 or visit http://www.oxford-capital.com.

The Bricton Group is a full service management company headquartered in Park Ridge, Illinois that focuses on providing returns to owners. For more information, call 847.693.3800 or visit http://www.bricton.com.

Gettys Group is an award-winning interior design, design architecture and fulfillment firm with offices in Chicago and Miami. For more information, call 800.757.7562 or visit http://www.gettys.com.

Waterton Associates LLC. provides individual accredited investors the opportunity to co-invest in real estate ventures on the same terms as their institutional partners. Waterton investment programs are designed to complement a diversified investment portfolio and provide attractive risk-adjusted rates of return. For more information, call 312.948.4500 or visit http://www.watertonassociates.com.

# # #