Chicago InvestmentApartments and hotel rooms in a five-star hotel in the US's Windy City go on sale next Tuesday at the Molesworth Street offices of Hamilton Osborne King.
Downtown Chicago is the location for the new Mandarin Oriental Tower, under way on Stetson Avenue and Lake Street in the Loop district, a block from the Millennium Park and designer shops on Michigan Avenue.
Buyers can choose between hotel rooms on lower floors, fully furnished to the high-end standard of the Mandarin chain and priced from €489,314 for 51.3-335sq m (552-3,600sq ft) of space.
Rooms will be leased back to the hotel, with the option of limited owner use, says HOK, which is handling Irish sales of the 500 rooms and condos.
'Residences' - essentially large apartments with a high-spec finish - will have access to hotel services and cost from €771,361 upwards for 84-614sq m (844-6,200sq ft) units.
Apartments or 'condominiums' will occupy the upper floors. These are priced from €414,000 for a one-bedroom unit of 72sq m (770sq ft), up to €12.14 million for a 1,208sq m (13,000sq ft) penthouse with lake and skyline views.
A concierge service will be part of the package. The 74-floor Mandarin Oriental Tower project is promising Chicago's most advanced spa and gourmet restaurants, including one of the legendary Mandarin cake shops.
Originating in the East where the brand is esteemed, the Mandarin group of hotels has retained its distinctive Oriental style. Completion is scheduled by developer Palladian for mid-2009.
