Illinois hotels see record-breaking revenue
The state’s hospitality industry is making a big comeback from the pandemic. But the economic picture isn’t as rosy for the office market.
Illinois hotels reported $308 million in tax revenue during the past 12 months, breaking the previous year record high of $296 million. But, in Chicago, there’s another record high: the office vacancy rate downtown. Reset gets the latest on how Chicago hotels and office buildings are faring.
GUEST: Danny Ecker, commercial real estate reporter at Crain’s Chicago Business
More From
Reset with Sasha-Ann Simons
Illinois hotels see record-breaking revenue
The state’s hospitality industry is making a big comeback from the pandemic. But the economic picture isn’t as rosy for the office market.
Illinois hotels reported $308 million in tax revenue during the past 12 months, breaking the previous year record high of $296 million. But, in Chicago, there’s another record high: the office vacancy rate downtown. Reset gets the latest on how Chicago hotels and office buildings are faring.
GUEST: Danny Ecker, commercial real estate reporter at Crain’s Chicago Business