"Excel Format - TR Mandigo _ Company - Hotel Consulting"
1 TR Mandigo & Company Proposed Hotel List http://www.trmandigo.com Property Name Address Rooms Development Type 300 N. Michigan Hotel 300 North Michigan Avenue, Chicago, IL 300 Aloft Chicago Millennium Park 635 South Wabash Avenue, Chicago, IL 60605 165 Lifestyle Select-Service Ambassador East Hotel 1301 N. State Parkway, Chicago, IL 60610 285 Boutique Aqua Tower - Radisson Blu 225 N. Columbus Dr., Chicago, IL 334 Modern Blackstone Marriott 636 South Michigan Ave, Chicago, IL 60605 328 Modern Luxury, Historic Building Blake hotel 500 South Dearborn Street, Chicago, IL 162 Boutique Block 37 108 North State Street, Chicago, IL N/A Boutique Hotel at PO Site 540 N. Dearborn, Chicago, IL 150 Boutique Dana Hotel & Spa 660 N State St, Chicago, IL 60610 216 Boutique / Chic Edition 150 E Ontario, Chicago, IL 250 Boutique / Lifestyle Edition (on La Salle) 11 S. La Salle Street, Chicago, IL 240 Luxury Elysian 11 East Walton, Chicago, Illinois 60611 188 Boutique Franklin Point Hotel W. Harrison and S. Wells, Chicago, IL N/A Gansevoort 508 N. State Street, Chicago, IL 200 Boutique / Lifestyle Grand Imperial Hotel 2121 South Archer Avenue, Chicago, IL 170 Chinese-themed Boutique Hotel Graves Hotel Ohio St. & Fairbanks Ct. W, Chicago, IL 220 Boutique / Lifestyle Hotel Felix 111 W Huron St, Chicago, IL 60654 225 Boutique Hotel Palomar 505 N. State Street, Chicago, IL 261 Boutique Hyatt Place Clark and Grand Ave., Chicago, IL 216 Upscale Business-traveler Hotel Hyatt Regency McCormick Place 2233 S. Martin L. King Dr, Chicago, IL 600 Convention Hotel J.W. Marriott 208 S. La Salle St, Chicago, IL 610 neo-Classical Boutique Hotel La Quinta Inn & Suites 1 South Franklin, Chicago, IL 60606 241 Midscale transient Large Hotel 330 E. Cermak Road, Chicago, IL 1500 Convention Hotel Mandarin Oriental 215 North Michigan Avenue, Chicago, IL 250 Condo Hotel Modern (IBM Tower Hotel) 330 N. Wabash, Chicago, IL 335 Mondrian Hotel (Cedar Hotel) 1118 N State St, Chicago, IL 200 Boutique Old Post Office W. Van Buren St and S Canal St, Chicago, IL 256 Shangri-La 111 W Wacker Drive, Chicago, IL 200 Luxury Spring Hill Suites & Residence Inn410 N Dearborn St, Chicago, IL 60610 523 Midscale, Upscale, Extended Stay Staybridge Suites 127 Huron St, Chicago, IL 209 Extended Stay The Wit W Lake St & N State St, Chicago, IL 60601 298 Boutique / Lifestyle 4 Trump International Hotel & Tower 01 North Wabash Avenue, Chicago, IL 60611 339 Trump Union Station Hotel 210 South Canal Street, Chicago, IL 300 Hilton Brand Uptown Lakefront Hotel W Montrose Ave & N Clarendon Ave, Chicago IL 6061200 Unknown Vacant Factory Hotel Conversion 465 W. Cermak, Chicago, IL 200 Waldorf Astoria N Columbus Dr. and N Water St, Chicago, IL 325 Luxury / Dramatic Architecture Willis (Sears) Tower Hotel 233 S Wacker Dr, Chicago, IL 60606 550 aloft N Clark St & W Illinois St, Chicago, IL 160 New Concept Upscale 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls 2 Last Updated: 27-Feb-11 Neighborhood Status Open Date Developer Viability Cancelled Unknown Cancelled Loop Delayed 2011 ECD Company Likely River North Planning 2011 NA Likely Lakeshore East Announced Sep-11 Magellan Development Group Likely South Loop Recently Completed 6-Mar-08 Sage Hospitality Operational Loop Recently Completed Unknown Operational Block 37 Cancelled Unknown Cancelled River North Planning 2012 Albert Friedman Unlikely River North Recently Completed 1-Sep-08 Dellisart Lodging Operational Streeterville Cancelled Unknown Monaco Development LLC, Marriott Cancelled Loop Planning 2013 Prime Group Inc. Unlikely Gold Coast Recently Completed 9-Dec-09 Elysian Worldwide LLC Operational Loop Cancelled Unknown Chieftain Group Cancelled River North Cancelled 2012 Domain Development LLC Unlikely Chinatown Announced 2013 See Wong, Peter Siu Likely River North Cancelled Unknown Draper & Kramer Cancelled River North Recently Completed 20-Mar-09 Operational Oxford OBG Hospitality Investment Partners Streeterville Recently Completed 24-Mar-10 John Buck Co, Kimpton Operational River North Announced Jun-11 Likely McCormick Place Delayed 2012 Likely Financial District Recently Completed 9-Nov-10 Prime Group Operational Financial District Recently Completed 16-Apr-09 Operational McCormick Place Cancelled Unknown Pam Gleichman and Karl NorbergCancelled Cancelled Unknown Cancelled Mandarin Oriental Hotel Group Ltd. Under Construction 2012 Likely Streeterville Cancelled Unknown M Development Cancelled Cancelled 2012 Cancelled North Loop Delayed Unknown Shangri-La Cancelled River North Recently Completed 27-Mar-08 White Lodging Operational River North Cancelled Unknown Dellisart Chicago LLC Cancelled Loop Recently Completed 4-Jun-09 ECD Company Operational River North Recently Completed 3-Dec-07 Trump Hotels Operational Loop Cancelled Unknown Jones Lang LaSalle Inc. Cancelled Uptown Planning 2013 Unlikely Marty Paris of Sedgwick Properties Development Corp Near South Side Planning 2013 Unlikely Rolando Acosta, Christine Chuning, Ray Chin River North Cancelled Unknown Fordham Co, Prime Group Cancelled Cancelled Unknown Owner of Sears Tower Cancelled River North Announced Jun-12 Likely 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls 3 Market Position Notes At one point 300 North Michigan Avenue floor's 3-23rd were contemplated for hotel use, with Holliday Fenoglio Upscale Upper-Upscale Ian Schrager recently announced he's received help from Syndicated Equities Corporation to purchase the Am Upper-Upscale Construction scheduled to begin in November 2010. Raw space allocated in the Aqua tower, suitable for app Luxury Upper-Upscale Currently in Bankruptcy, candidate for potential redevelopment. Was contemplated as a Hilton "Nicky-O" at on Historically, Block 37 has faced many challenges, and plans for a potential new hotel have been canceled or d Zoning Luxury or Upper-Upscale issues, financing climate, and Alderman's desire for park makes project challenging. Upper-Upscale Luxury / Five Star Marriott partnered with Ian Schrager for the design and development. Luxury Joint venture between Prime Group and Lothar Estein, president of Orlando-based Estein & Associates USA L Luxury Recently Opened. Formerly condominium hotel, now to operate as traditional transient lodging facility. Include Site has been under consideration for a potential hotel (among other uses) by several developers. Plans have Upper-Upscale / 4.5 Stars Upper-Upscale Luxury Project Abandoned. Upper-Upscale Formerly the Hotel Wacker. Recently re-opened at the Hotel Felix Upper-Upscale Upscale Plans call for a 600-room expansion for the Hyatt Regency McCormick Place. Full Service 3.5 Stars Four Star Redevelopment of the old Continental and Commercial National Bank buliding. Features a very dramatic 4-sto Conversion of the existing structure, the Jewish Federation Building, originally built in 1958. Midscale limited service Was originally a 3.7-acre, 21-story development with 1,500 rooms but has since been abandoned (3/11/2009). Luxury Luxury Luxury Site location is the Cedar Hotel. Midscale/Upscale Buyer backed out of deal shortly after Chicago failed to obtain the Olympics for 2016. Property is back on the Luxury Has been struggling to obtain financing for some time, even when credit markets weren't frozen. Recently aba Stay Upscale / Extended270-room Residence Inn, 253-room Spring Hill Suites. Construction has halted, is currently a steel frame. Will likely be picked back up at a later date but won't neces Upscale Extended Stay Upper-Upscale Branded as The Wit, flagged as a Doubletree giving it access to the Hilton reservation system. Upper-Upscale Currently, the building is still under construction. However, the hotel has been partially open since late 07/earl H Upscale Full Service ilton brand was considered. Unknown The hotel is just one component of the site redevelopment which includes residential (some senior living), reta The zoning application calls for converting the five-story building into a 200-room hotel, with about 120,000 squ Luxury Upscale Upscale Likely to be approximately 160 rooms. 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls 4 for hotel use, with Holliday Fenoglio marketing for investors for development of the project which also included 28,900 square feet of retail space and 2 ies Corporation to purchase the Ambassador East Hotel. The hotel will likely be renamed and remade as an upper-upscale boutique hotel assuming p in the Aqua tower, suitable for approximately 334 hotel rooms on 18 floors. This space is now planned to feature Radisson Blu, the United State's firs emplated as a Hilton "Nicky-O" at one point. new hotel have been canceled or delayed/shelved to the best of our knowledge. o-based Estein & Associates USA Ltd. Will have less meeting and ballroom space than the J.W. Marriott. nal transient lodging facility. Includes spa operation and 5-star level restaurant operation. by several developers. Plans have since been canceled on a 150 million dollar mixed-use development at the Franklin Point site location ding. Features a very dramatic 4-story lobby which will require extensive restoration work. Recently underwent a partial opening, with not all 610 rooms since been abandoned (3/11/2009). CenterPoint Properties of Oak Brook is suing the developers for failing to pay back a 37.1 million loan. The locatio s for 2016. Property is back on the market. Future use unknown, with the size and configuration of the structure making redevelopment a challenge. arkets weren't frozen. Recently abandoned. ck up at a later date but won't necessarily top-off as a hotel. een partially open since late 07/early 08. esidential (some senior living), retail, and parking. -room hotel, with about 120,000 square feet for stores and restaurants. Would serve McCormick Place and the neighborhoods of Chinatown, and Pils 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls 5 900 square feet of retail space and 225 residential units. er-upscale boutique hotel assuming project moves forward. Radisson Blu, the United State's first Radisson upscale hotel brand. Carlson is footing half of the $125 million dollar cost due to the tight credit market anklin Point site location partial opening, with not all 610 rooms available just yet. back a 37.1 million loan. The location is the former American Book Co. building. making redevelopment a challenge. eighborhoods of Chinatown, and Pilsen. 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls 6 . Carlson is footing half of the $125 million dollar cost due to the tight credit market. 5228f6c4-4ed8-4e28-a6a4-e5d8c2783af7.xls