News
Conlon, Sterling Bay Shutting Down Talbott Hotel For Renovations
The Talbott Hotel, which Sterling Bay and Conlon acquired in a JV in August 2015, is closing next month so ownership can give it a major overhaul.
And it's going to be a costly one. Sterling Bay estimates the renovations will cost up to $20M, according to Crain's. Principal Matt Menna said the Talbott's previous owners, the Kromelow family, did a wonderful job building and maintaining the Talbott brand over a 50-year period, but the planned upgrades, which will take five months, will position it to compete with other boutique hotels in Streeterville and along the Michigan Avenue shopping district.
