The Drake Luxury Brands bold global leap

By Hinsdale Magazine Group Staff

The Drake Oak Brook has been a symbol of elegance in the western suburbs, known for its rich history, classic architecture, and timeless charm. Under the ownership of Jim Nagle, a former Chicago attorney and third-generation lawyer, the iconic hotel has undergone a dramatic revival, positioning itself as a local landmark and a growing luxury brand with global ambitions.

Nagle, who pivoted from law to real estate preservation and civic leadership, has made it his mission to restore and elevate The Drake. His work has helped transform the property, and now his vision is expanding beyond Illinois.

Through The Drake Luxury Brands, Nagle leads a $250 million international expansion into Ethiopia, one of Africa’s fastest-growing and culturally rich nations. The project—located in Mekele, the capital of the Tigray region—marks the brand’s official entry into the global luxury market.

“This is an incredibly exciting time for the Drake Luxury Brands,” said Nagle. “Ethiopia represents a gateway to Africa and a hub of heritage, innovation, and growth. We are thrilled to bring our unique style and character to this remarkable country.”

The sprawling 100-acre complex includes a 250-room luxury hotel, outdoor music amphitheater, theme park, and an impressive 120,000-square-foot natatorium and sports center. Scheduled to open in late 2026, the development is a bold expression of Drake’s evolution—from a suburban boutique hotel to an international lifestyle brand.

But the roots of this story run even deeper. At the center are Nagle and Tekeste Gebreselasse, who have forged a powerful mentor-mentee bond that has endured for over a decade. Gebreselasse, who once worked alongside Nagle at The Drake Oak Brook, has long envisioned bringing this partnership to his home continent. Now serving as Managing Director of African Markets for Drake Luxury Brands, he’s more than a business leader—he’s the cultural bridge.

Hinsdale Magazine Group explores the full story of their enduring friendship, shared vision, and this long-awaited collaboration in our next issue.