CBRE PROJECT MANAGEMENT SELECTED FOR VIRGIN HOTEL CHICAGO

Miami, FL – July 19, 2013 – (RealEstateRama) — CBRE’s Project Management Team, which provides design, development and construction management services, has been engaged by VHNA Acquisition, LP, an affiliate of Miami’s Lionstone Development, to provide construction oversight for the Virgin Hotel Chicago located in the Old Dearborn Bank Building – a 201,600-square-foot, 27-story Art Deco office building at 203 North Wabash Street, in Chicago, Illinois. VHNA Acquisition, LP bought the property with the intent of converting it into a 250-room hotel, with restaurants, lounges, spa, health & fitness area, and meeting spaces.