Barack Ferrazzano Aids Virgin In Chicago Hotel Deal

Law360, New York (October 24, 2011, 2:38 PM EDT) -- Billionaire Richard Branson's Virgin Hotels has purchased the Old Dearborn Bank Building in Chicago, and the company has started the clock on a two-year renovation, with the building slated to open as a four-star hotel in 2013, it said Monday.

Located at 203 N. Wabash Ave. in the heart of Chicago’s Loop, the new hotel will have 250 guest rooms and feature meeting spaces, restaurants, lounges and public areas, Virgin Hotels said, without disclosing the cash price it paid to seller Wabash Lake Partners LLC....
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