April 29, 2008 - Finally after all the promotion, construction, controversy and trial run, the Trump Hotel and Tower had its grand opening yesterday. The 92 story luxury high-rise is still under construction, but began delivering hotel condo units in late January. The tower should be completed by summer of 2009, but is already raking in good reviews and generating a lot of business.

“It’s better than we ever expected,” Donald Trump’s son Eric was quoted in as saying in Crain’s today. “We had a few more (sales) last week. As the hotel becomes more established and as people get to know about it and the spa, we expect that to pick up.” The elder Trump put the sales figure at 75% for the tower. The article said 130 hotel condo closings have occured in the past 10 weeks. Rates for a lake executive room run $625 per night and the three bedroom suites are priced at $3,200 a night. Closings on the Chicago condos should begin later this summer.

Trump Tower was also recently honored by being named one of the world’s top new hotels by Conde Nast Traveler magazine. The hotel will be mentioned in the May 2008 issue’s Hot List and received three out of three “flames”. Of the 136 world wide winners, Trump was the only new U.S. hotel to make the list. Chef Frank Brunacci is in charge of Sixteen, the building’s restaurant, and diners will be able to enjoy their meals outside on the open patio that will be finished next year. Rebar, the upscale lounge named for the hefty 50,000 tons of reinforced bar that went into the building’s construction, also opened recently. From special in house drinks and juices to the fantastic view, it has already received great reviews as well.

Other unique amenities at this ultra luxury Chicago real estate development that will be in full swing soon are The Spa at Trump and Trump Health Club, complete with 53 spa guestrooms that will be available. In the Chicago Luxury Condos category so far, this development seems to be the one to beat.

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This entry was posted on Tuesday, April 29th, 2008 at 2:42 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.