Dow/Carlyle JV buys Chicago-area Hilton

The Dow Hotel Co. (DHC), Seattle, announced it has acquired in a joint venture with the Washington, D.C.-based Carlyle Group’s Carlyle Realty Partners VI, the 269-room Hilton Orrington hotel in Evanston, Illinois, just north of Chicago. Details of the transaction were not disclosed. DHC will operate the hotel, which will undergo an approximately US$6 million renovation over the next 12 months. The improvements will focus primarily on guestrooms, corridors, an upscale lounge and coffee concept as well as meeting and other public space. Among F&B upgrades will be the opening of Farmhouse Evanston, which will have an entrance off the…
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