Steve Grzanich has the business news of the day with the Wintrust Business Minute.
The 223-room hotel that opened last year on Navy Pier is up for sale. Crain’s reports that a Chicago developer put the Sable Hotel on the market earlier this month. There’s no asking price for the listing. The property, owned by Maverick Hotels & Restaurants, includes the hotel and rooftop bar, named Offshore. Sources say bids would have to exceed the $100 million construction cost for the property.
Also, Stellantis, which owns the Jeep and Ram brands, will offer buyouts to some employees in the U.S. Listen for more below: