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Strategic to Invest $100 Million in Chicago Hotel

September 29, 2006 By: Joe Pike Travel Agent

The Chicago Tribune reports Strategic Hotels & Resorts agreed to pay $82.4 million to purchase the first 15 floors of the $475 million Aqua residential tower, to be built by Magellan Development. It also plans to invest another $20 million to furbish the suites' interiors.

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