SBD/Closing Bell

Ricketts Family Unveils Plan For Boutique Hotel Near Wrigley Field

Ricketts family spokesperson Dennis Culloton today said that the Cubs owners "plan to develop a hotel on property they own across the street from Wrigley Field" that they acquired in '11 from McDonald's Corp. The development "will be contingent on striking a deal with local governments to renovate Wrigley." The family said that it "has an agreement with Starwood Hotels & Resorts Worldwide to develop a boutique hotel." Culloton: "It could complement the neighborhood and its establishments while also serving fans and tourists" (CHICAGOTRIBUNE.com, 1/17).
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