Barack Ferrazzano Kirschbaum & Nagelberg represents Virgin Group in its first U.S. hotel acquisition
Barack Ferrazzano Kirschbaum & Nagelberg LLP’s Real Estate team represented Virgin Group’s hotel business, Virgin Hotels, in its first purchase of property in the United States. Virgin Hotels closed on the acquisition of Chicago’s historic Old Dearborn Bank Building on October 21, 2011. Virgin Hotels has announced its plans to convert the landmark building, located in Chicago’s Loop, into a 250-room hotel with restaurants, lounges and other amenities.
Real estate attorneys Rich Nikchevich and Jeremy Segal advised Virgin Hotels with respect to the transaction. The firm was recently recognized by Chambers USA as a top real estate practice in Illinois.