First Hospitality Group, Inc. (FHG) announced today a joint venture with Skokie, Ill.-based North Capital Group, LLC to reinvigorate the property that was once home to the Pritzker family's first Hyatt in Chicago: the iconic Purple Hotel. The new hotel under development will open as a SpringHill Suites in the fall of 2015 as part of a larger mixed-use project called The Shoppes at Lincoln Pointe. First Hospitality Group Inc. President and COO Robert Habeeb made the announcement.
On the site that encompasses more than 50 years of history in the community, FHG will continue to offer guests a memorable experience with the development of a new 5-story SpringHill Suites Lincolnwood. Under FHG's management, the newest SpringHill Suites will host 160 guest rooms, 4,000 square-feet of banquet space and 1,000 square-feet of meeting space. The hotel's close proximity to downtown Chicago, O'Hare airport, Loyola University and Northeastern Illinois University will attract quality-seeking guests from both the business and leisure sectors.
"We're thrilled to be a key player in the rebirth of this iconic corner," said Richard Mann, Principal with NORR Illinois, Inc., the hotel project's architect. "It's a rare opportunity when we can design a hotel amidst a well-conceived and exciting development that will bring new life to Lincolnwood and surrounding communities."
In addition to the hotel, the site will also be home to The Shoppes at Lincoln Pointe. Surrounded by a public gathering place that will attract local residents and tourists alike, The Shoppes at Lincoln Pointe's town square atmosphere will feature retail, dining, grocery and professional offices.
"SpringHill Suites is one of Marriott's fastest growing brands, attracting both the Gen X's and the Gen Y's, and appealing to both business and leisure travelers," said Habeeb. "This brand is a perfect selection for the market opportunity in Lincolnwood and should be the cornerstone of The Shoppes at Lincoln Pointe."
First Hospitality Group, Inc., is a national, experienced, and established hospitality management, and development company serving the investment and real estate industries. Since 1985, FHG has been an award-winning pioneer in the hospitality industry. FHG has successfully developed, marketed and managed over 16 brands and 55 properties throughout the Midwest.
Logos, product and company names mentioned are the property of their respective owners.