Purple Hotel sold

May 7, 2008 3:55:06 PM PDT
The Lincolnwood hotel that was once dubbed "the place to be and to be seen" has been sold. The Purple Hotel, located near 4500 West Touhy, was sold for a reported $27 million. The deal could lead to the demolition of the building.

The hotel's reputation has declined in the last couple of decades.

A community developer confirms the village has zoned the parcel for a mix of retail, office and residences.