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The Virgin Hotels Chicago (formerly Old Dearborn Bank Building or 203 North Wabash Avenue) is a historic building in the Loop community area of Chicago, Illinois, that has been converted from use as an office building to use as a hotel run via a mobile app-based business model.
The Loop is Chicago's central business district and one of the city's 77 municipally recognized community areas.Located at the center of downtown Chicago [3] on the shores of Lake Michigan, it is the second-largest business district in North America after Midtown Manhattan.
In 1980, Hotel St. Clair was renamed The Inn of Chicago after a $13 million renovation. Shell Hospitality Group reopened the hotel in February 1982 as part of the Best Western chain. In November 2006, the Chartres Lodging Group umbrella of hotels purchased the Inn of Chicago from Best Western for $40 million. [6]
As of September 2023, the average value of a single-family home in the Chicago area was just over $370,000 — about $20,000 above the U.S. average. But in parts of the area, home prices soar far ...
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The hotel's 3,000 guest rooms were rebuilt into 1,544 larger and more elegant rooms; 600 were converted to double-sized rooms with two adjoining bathrooms. The renovated hotel helped to sustain a revival period in Chicago's South Loop neighborhood. The newly renamed Chicago Hilton and Towers reopened on October 1, 1985. [11]