The Providence Group Announces Drake Sale

The Wyndham Drake Hotel in Oak Brook, Ill., is up for sale. The Providence Group is serving as asset manager for the property.

Duxbury, Mass. (PRWEB) February 21, 2007 -- The Wyndham Drake Hotel in Oak Brook, Ill., is up for sale, according to Jed Heller, CEO of The Providence Group. Heller is acting asset manager of the Wyndham Drake, located near Oak Brook Mall and downtown Chicago.

"This property has tremendous untapped potential for the right group," Heller says. "It has a history that is rich in tradition. In some cases, generations of families have celebrated their marriages at this wonderful facility."

Heller says the owner wants to focus on his core capabilities. "He's one of the best people I've had the pleasure of working with, but his forte is conventional real estate," says Heller.

"Originally I was brought in as an operational consultant, and I saw opportunities for an owner skilled and experienced in hotel operations and marketing."

Peter Greene, with CBRE, Chicago, is handling the sale. He can be reached at (312) 935-1040.

About The Providence Group:
Duxbury, Mass-based The Providence Group offers unique services to hotels, timeshare resorts and other hospitality firms. For clients without a general manager, the company provides an interim general manager, while simultaneously working to find a permanent employee for the role. On a long-term basis, The Providence Group will provide specialized consulting and analytical services, covering human resources, food and beverage, yield management, guest service relations and more. Jed Heller, CEO, was formerly executive vice-president of The March Co. Inc., and president of Premier Hotel Corp. both of Boston, Mass. Contact Heller at (781) 582-8785 or visit http://www.providencegrp.com to find out more about The Providence Group.

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