The Fight For Chicago

Fitch, Stephane
December 2005
Forbes Asia;12/26/2005, Vol. 1 Issue 9, p28
The article highlights the competition posed by Ritz Carlton's founder Horst Schulze to real estate developer Donald Trump in the Chicago, Illinois market. While Trump broke ground on a 90-story, $600 million condominium-hotel on the Chicago River, Schulze and his development partner, Robert Falor, are spending $125 million to convert a 46-year-old, 454-room, 39-story hotel to a condo-hotel and reopen it under a new flag: Solis.


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