New Chicago condo hotel run by Kimpton, owned by individuals

10/27/2004 | NYTimes.com

A new Chicago hotel called the Morton is notable not only for originally serving as the headquarters of the Morton Salt Company, but for being owned by individual investors. The hotel will be operated by San Francisco-based Kimpton Hotels and Restaurants, famed for its upscale, urban boutique properties, but owners of the individual units will get a portion of the rental proceeds.

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