Some Hoteliers Forge Ahead In Poor Economy | wsj.com

Even as other hotel and resort projects conceived and started in better times get scaled back, postponed or canceled, David Pisor is not slowing his down a bit. The founder and chief executive of the Elysian, described as an "ultraluxury" property on Chicago's Gold Coast, is working frenetically to get his 188 guest rooms - and at least some of the 52 upscale condos - up and running by the planned opening date of July 15.