Hotel Development 11/10/2015 – Bethesda, Md.

Video: Residence Inn by Marriott Opens Largest and Milestone Hotel in Chicago Downtown/Loop

Celebrating the brand’s 40th anniversary, Residence Inn by Marriott today opened its 700th hotel worldwide. The Residence Inn Chicago Downtown/Loop will be the largest hotel in the extended stay leader’s portfolio, a historic building located in the new distinctive hub in the center of Chi Town.  The property, located at the intersection of LaSalle Street and Madison Avenue, will be Residence Inn by Marriott’s urban flagship with 380 rooms and 7500 square feet of meeting space.

The architecturally significant building is a Chicago Landmark, which celebrates its 100th anniversary this year. Owned by an affiliate of The Prime Group, Inc., the property was extensively renovated to restore the historic building to its original splendor. Developed by the McCormick family in 1915 and adorned with remarkable, Portuguese Gothic Terracotta, the historic Roanoke Building boasts tall arches and ornamental columns designed by the prolific 19th century Chicago architectural firm Holabird and Roche. The renovation strives to elevate Chicago’s iconic history by incorporating these distinctive Portuguese-gothic style features in the revitalized property.

“Steeped in history, but redesigned and reimagined to excite today’s traveler, this new hotel is the epitome of what extended stay and Residence Inn has to offer,” said Diane Mayer, vice president and global brand manager, Residence Inn. “Guests are able to navigate through a unique architectural experience while still receiving all the services and amenities that they expect to help them maximize their stay and get the most out of their trip.”

Situated in the heart of Chicago’s central financial district, the hotel offers an ideal location for business and leisure travelers alike. Its premier locale provides easy access to Chicago’s public transportation system, the nearby theater district, Millennium Park, State Street shopping, world-class dining, universities and museums. This prime location, coupled with the building’s historical significance and exceptional architectural detail, provided a perfect opportunity to convert the building into an extended-stay hotel.

The hotel encompasses a mix of studio, one-bedroom and two-bedroom suites, many of which include original details and views of LaSalle Street. Naturally lit rooms average over 500 square feet and feature 10-foot ceilings, large windows and spa-inspired bathrooms with walk-in showers. The hotel will also offer a lobby bar and lounge, fitness center, business center, private meeting rooms and, like all Residence Inn hotels, free Wi-Fi, complimentary daily hot breakfast and a laundry facility for guests. A new restaurant is also slated to open in March 2016.

“Chicago is increasingly becoming a prime destination for both U.S. and international visitors, so we are extremely excited to be able to offer such an exceptional hotel that will make a lasting impression on them and keep them coming back,” said Michael W. Reschke, Chairman and CEO of The Prime Group, Inc.

Residence Inn, which created the extended-stay lodging category, celebrates its 40th anniversary this year and continues to introduce game changing industry direction for this segment. From new sleek branding to a chic updated lobby design, the brand evolves constantly to stay ahead of the curve and meet the needs of business travelers, helping guests enjoy and thrive on their extended stay. The Residence Inn Chicago Downtown loop opening will further showcase the success and growth of the brand, particularly its increased urban expansion.

Residence Inn by Marriott
With 700 properties in the United States, Canada, Europe, the Middle East and Central America, Residence Inn by Marriott is the leader in the extended-stay lodging segment. Designed for long stays, the brand offers spacious suites with separate living and sleeping areas. Fully functional kitchens, grocery delivery, 24-hour markets and complimentary breakfast help guests maintain a healthy balance while on the road. Complimentary Wi-Fi allows guests to stay connected to the home and office, while health and fitness options and inviting lobby spaces provide comfortable places to work and relax.

Residence Inn participates in the company’s award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, call the Residence Inn toll-free number at 800-331-3131 or visit residenceinn.marriott.com. For travel tips, the latest on the brand or to connect with other travelers, “like” Residence Inn on Facebook: www.facebook.com/residenceinn and follow Residence Inn on Twitter: www.twitter.com/residenceinn.

The Prime Group, Inc.
Headquartered at 120 N. LaSalle in downtown Chicago, The Prime Group, Inc. is a private real estate company that was founded in 1982 by Michael W. Reschke, an experienced real estate developer and investor, who serves as its Chairman and Chief Executive Officer.  During his real estate career, Mr. Reschke, through The Prime Group, Inc. and affiliates has financed, developed and acquired more than $12.0 billion of institutional-quality real estate and has made over $600 million of real estate loans across a wide spectrum of institutional real estate classes and investment structures.  Under Mr. Reschke’s guidance, The Prime Group, Inc. gained national recognition as the developer of some of the more architecturally-significant and technologically-advanced office towers in the United States, a leader in the development of affordable rental housing with the use of tax-exempt bond financing, and in the development of master-planned, mixed-use communities, luxury residential and senior housing, and urban based luxury and limited service hotels. The Prime Group, Inc. practices a “hands-on”, value-added approach to real estate investment and development. Its principals have a long history of developing, financing and actively managing properties in a variety of real estate classes.