John Burroughs Drake Jnr. (1872–1964) and his brother Tracy Drake were the developers and proprietors of the Chicago hotels, the Blackstone Hotel and Drake Hotel, he was the son of John Drake Snr., who was also a hotelier.Berger, Miles L., "They Built Chicago: Entrepreneurs Who Shaped a Great City's Architecture," Bonus Books, Inc., Chicago, 1992, p. 152., .
The brothers acquired the property for the Drake Hotel from the estate of Potter Palmer in 1916 after he gave up on the idea of building a hotel himself.Stamper, John W., "Chicago's North Michigan Avenue," pp. 118–122, The University of Chicago Press, 1991, . He died in 1964 in Tampa, Florida.Berger, Miles L., "They Built Chicago: Entrepreneurs Who Shaped a Great City's Architecture," Bonus Books, Inc., Chicago, 1992, p. 159., ISBN.
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