Report: Hotel Burnham has new owner, now named Alise Chicago

The Hotel Burnham in Chicago's Loop has a new owner and a new name, according to a Crain's Chicago Business report on Wednesday.

The name has been changed to Alise Chicago.

A small West Coast company that owns boutique hotels bought the 122-room hotel, which opened in the 1990s.

The hotel was named after famed architect and Chicago planner Daniel Burnham.