HCP Oxford OBG Cass Property Company, LLC. Acquires Historic Hotel Cass

HCP Oxford OBG Cass Property Company, LLC., which is affiliated with Chicago-based Oxford Capital Group, LLC, has purchased the historic Hotel Cass located at 640 North Wabash, in the burgeoning river north section of downtown Chicago.

CHICAGO (PRWEB) April 15, 2006 -- HCP Oxford OBG Cass Property Company, LLC., which is affiliated with Chicago-based Oxford Capital Group, LLC, has purchased the historic Hotel Cass located at 640 North Wabash, in the burgeoning river north section of downtown Chicago.

“We are excited to be acquiring the Hotel Cass. We expect to strategically reposition the asset to maximize its potential and to take advantage of the improving fundamentals in the downtown Chicago hotel market,” said John W. Rutledge, CEO of the Oxford Capital Group, LLC.

Plans for the 165-room, 15-story hotel include a multifaceted transformation; a comprehensive physical redevelopment, operational repositioning and possibly, a strategic re-branding.

Oxford Capital Group, LLC. is a real estate and private equity investment firm and holding company, with a historic emphasis on the hospitality sector, 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 www.oxford-capital.com.

The Bricton Group is a full service hotel management company headquartered in Park Ridge, Illinois. For more information, call 847.693.3800 or visit www.bricton.com.

The 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 www.gettys.com.

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