 Although a sales price was not disclosed, it is believed that it was purchased for $95 million, which would put it at a per room price of $505,000.It was renamed the Waldorf Astoria Chicago on February 1, 2012, although nearly all of the hotel remained the same.In June 2015 it was reported that Sam Zell of Equity Group Investments had reached an agreement to sell the hotel for $113 million to a group led by hotel investor Laurence Geller (who previously founded Strategic Hotels & Resorts) and including the real estate arm of Chinese manufacturer Wanxiang Group.