New $20 million boutique hotel to rise in Hyde Park

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grec hyde park hotel
Rendering from GREC for the new 100-room Hyde Park hotel

Olympia Companies and Smart Hotels have received a demolition permit to remove an existing two-story building at the corner of 53rd St. and Dorchester Ave. to build a boutique hotel with 100 guest rooms, a ground floor restaurant/lounge and a rooftop deck. GREC Architects is designing the building.

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Meanwhile, Curbed Chicago reports that the University of Chicago plans another hotel in the Hyde Park area “several blocks south at the intersection of Dorchester and 60th.

According to DNAinfo, the U of C officials are seeking an operator that would be interested in taking over the Hyde Park Day School building in just such a capacity,” the website reported.

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