St. Regis to manage Vista skyscraper hotel: Chicago’s Vista Tower is getting a new name, just weeks before the first residents move into the city’s third-tallest skyscraper. The tower’s new name, The St. Regis Chicago, comes as the project’s developer brings aboard a new luxury hotel brand to the 1,191-foot-tall building designed by architect Jeanne Gang. St. Regis Hotels & Resorts will manage the 191-room hotel on the bottom 12 floors, Chicago-based Magellan Development Group said. St. Regis also will manage the residential amenities. Chicago’s Alinea Group will operate restaurants and bar-lounge spaces on the second and 11th floors.
Xenia sells Hotel Commonwealth, Renaissance Austin: Orlando, Florida-based Xenia Hotels & Resorts has completed the previously announced dispositions of the 245-room Hotel Commonwealth in Boston, Massachusetts, for US$113.0 million (about US$461,000 per key), and the 492-room Renaissance Austin Hotel in Austin, Texas, for US$70 million (about US$142,000 per key). An affiliate of The Axton Group was the buyer on the Renaissance Austin, which has 88 suites and 77,600 square feet of indoor and outdoor meeting and event facilities.