Hilton Hampton Inn and Homewood Suites Hotel
Chicago, IL. June 30, 2015 - Chicago-based Jupiter Realty Company and Boston-based Intercontinental
Real Estate Corporation announce the construction commencement of a Hilton Hampton Inn and
Homewood Suites development at 118 N. Jefferson Street in Chicago's West Loop. “We and our partner,
Intercontinental Real Estate Corporation, are delighted to be bringing the highly regarded Hilton
The property will include 210 Hampton Inn and 126 Homewood Suites rooms together with an indoor pool, fitness room, outdoor landscaped terrace, two business areas, 4,900 square feet of meeting rooms, a guest laundry and two buffet dining areas. Additionally, the 23-story building will have 7,500 square feet of ground floor retail and 105 interior parking spaces. “We are proud to break ground on our second development project in Chicago with the ability to create both union jobs and stable returns for our investors,” said Tom Taranto, Director of Acquisitions, Portfolio & Asset Management at Intercontinental Real Estate Corporation. “We could not be more pleased with the dedication and focus of our partners at Jupiter Realty and the entire construction project team.” Brendan Reilly, 42nd Ward Alderman, added “I am pleased that this project will bring a needed amenity to the neighborhood together with almost 300 union construction jobs and over 100 permanent positions upon completion.”
The hotels are scheduled to open in September 2016.
About Intercontinental Real Estate Corporation:
Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades long experience in real estate investment, finance, development, construction management, and asset management. Since 1959, Intercontinental has managed, developed, or owned over $10 billion in real estate property. Today, Intercontinental manages a portfolio in excess of $4 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects. About Jupiter Realty: Chicago-based Jupiter Realty was incorporated as a privately held, vertically integrated development, investment and management firm in 1985. Jupiter acquires, develops, finances, renovates, repositions, manages and eventually sells hotels, mid-rise or high-rise office buildings, office parks, apartments, shopping centers, free-standing retail stores, industrial buildings, mixed-use properties and land in response to the ebb and flow of market cycles. Jupiter applies these disciplines to both its own and its institutional partners' accounts and portfolios. Jupiter works closely with corporate clients, major tenants, institutions, pension funds, banks, REITs, lenders and other financial partners.
Contact:
Beth Treacy
Treacy Marketing Group
[email protected]
312-212-3040
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
