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Luxury Hotel Marks New Frontier for Chicago Deconversions

Los Angeles Investor Brings First Condo-to-Hotel Conversion in the National Hub for the Technique
Los Angeles investor Jerry Wise wants to convert the condominiums at 227 E. Walton Place in downtown Chicago into high-end hotel rooms. (CoStar)
Los Angeles investor Jerry Wise wants to convert the condominiums at 227 E. Walton Place in downtown Chicago into high-end hotel rooms. (CoStar)
By Jennifer Waters
CoStar News
August 20, 2019 | 4:45 P.M.

Here’s a new twist on deconversions, the accelerating movement in Chicago to transform older condominiums back into apartments.

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