Financial Times FT.com

The Obama inauguration

Chicago trades on ‘Obama effect’

Published: November 28 2008 21:06 | Last updated: November 28 2008 21:06

A luxury hotel might seem like a bad business to be running during an economic downturn, but Patrick Hatton, general manager of The James in downtown Chicago, is feeling bullish.

Mr Hatton believes he has hit upon a promotion that perfectly suits the zeitgeist. From Monday, for $219, (€170, £142) guests at his hotel can purchase a “City of Hope” package that includes a private tour of Barack Obama’s southside neighbourhood, reservations at one of the president-elect’s favourite Chicago restaurants and a copy of The Audacity of Hope, his book.

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