Advertisement

Thor Equities Buys Hilton’s Palmer House

From Bloomberg News

Thor Equities, which redevelops urban real estate, said it had bought the Palmer House Hilton in Chicago from Hilton Hotels Corp. for $230 million and would spend more than $100 million to renovate the property.

Thor’s renovation of the hotel, which Hilton Hotels founder Conrad Hilton purchased in 1945, will include the addition of a retail center, the companies said. Hilton, based in Beverly Hills, will continue to manage the hotel.


Advertisement