Elysian Hotel Reportedly For Sale

Interested buyers may want to rebrand hotel

Wednesday, Sep 14, 2011  |  Updated 6:51 PM CDT
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About Last Night: 12/11

Patricia Parinejad

The hotel boasts two restaurants, a bar, a spa, numerous ballrooms and 188 guest rooms and suites.

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A swanky Gold Coast hotel appears to be on the block.

Crain's reports that owners of The Elysian Hotel, located at 11 E. Walton Street, have hired a company to sell the property.

The hotel first opened in December 2009 and boasts more than 188 luxury rooms, two restaurants and a bar, and a spa and health club.

According Crain's sources, some buyers are interested in rebranding the hotel, but the developer, David Pisor, is reportedly looking for a partner that would retain the Elysian brand.

The current partner is looking to cash out of the deal, Crain's reports.

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