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Real Estate Rumor Mill: Waldorf Astoria, Codina, SPI

By Andrew McIntyre (June 12, 2015, 7:25 PM EDT) -- Chicago investor Laurence Geller has teamed up with a Chinese partner to buy the Waldorf Astoria at 11 E. Walton St. in Chicago from Sam Zell for more than $600,000 a room, the highest-ever per-room price for a Chicago hotel, Crain's Chicago Business reported, citing multiple sources with knowledge of the deal. That price works out to $113 million for the 188-room hotel, where most rooms go for $500 or more per night, according to Crain's....

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