First Equity Group Selects Aimbridge Hospitality to Manage 468-key Hyatt Regency Schaumburg Chicago
DALLAS, TX. October 20, 2015 - Aimbridge Hospitality has been awarded the management contract for the Hyatt Regency Schaumburg Chicago hotel located in the Village of Schaumburg, a northwestern suburb of Chicago.
This management acquisition marks a first time partnership between Aimbridge Hospitality and property owner, First Equity Group. Having undergone extensive renovations in 2009, the hotel is slated for an additional $10 million in improvements. The five-story, 468-key, full-service Hyatt Regency Schaumburg Chicago features the farm-to-table Fresh 1800 Restaurant and Bar, Starbucks Coffee Bar, Hyatt Lounge for Hyatt Gold Passport members, indoor and outdoor pools, 24-hour fitness club and more than 30,000 square feet of meeting space, including an outdoor terrace.
Located at 1800 East Golf Road in Schaumburg, the Hyatt is directly across the street from the main entrance to Woodfield Mall, the largest shopping center in Illinois and one of the 10 largest enclosed malls in the U.S. With more than 2.2 million square feet of restaurant, retail, and entertainment space and 27 million annual visitors, Woodfield Mall is one of the top destinations for travelers in the nation. Just off Interstate 90, the property is situated 14 miles from O'Hare International Airport and 22 miles from downtown Chicago.
"The Hyatt Regency Schaumburg Chicago is a significant property that will attract both corporate and leisure travelers with its expansive meeting space and ideal location adjacent to the Woodfield Mall and convenient access to O'Hare. We are proud to feature this property in our management portfolio and look forward to a lasting and successful partnership with those involved," said Dave Johnson, President and CEO of Aimbridge Hospitality.
For more information, please visit www.aimbridgehospitality.com.
About Aimbridge Hospitality
Aimbridge Hospitality, LLC is one of the nation's largest independent hotel investment and management firm's with a proven track record for delivering superior returns for its investors in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services across all STR chain scales. Based in Dallas, Texas and with additional offices in Chicago and Puerto Rico, Aimbridge currently manages over 270 upscale, independent and branded hotels with over 43,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Hyatt, Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, and Wyndham. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
About First Equity Group
First Equity Group is a Chicago-based real estate firm specializing in ground-up development of commercial facilities in the Midwest. The Company utilizes a team of dedicated real estate professionals in the areas of site selection, site acquisition, project management, finance, property management, and leasing. Led by Managing Partner Timothy P. Gallagher and Partner Thomas M. Lowe, the Company is a developer of quality, income producing real estate whose success in applying the manufacturing model to commercial real estate has enabled First Equity to put into service more than 2 million square feet of commercial real estate. Each principal of First Equity has over 30-years of experience in commercial real estate and has assisted numerous clients with their specific real estate requirement, providing a successful formula for single-source real estate solutions. www.1equitygroup.com
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