Mansueto Cuts Deal to Buy Chicago Waldorf at Bargain Price

Morningstar founder Joe Mansueto is acquiring the Waldorf Astoria Chicago hotel for a fraction of the $111.9 million paid for the 60-story lodging property in 2015, Crain’s Chicago Business reported. Mansueto has a deal to pay around $54 million to buy the property from a debt fund controlled by Walton Street Capital, which took ownership last year through a deed-in-lieu of foreclosure.

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