Midas Hospitality Partners With Nexgen Hotels to Manage Recently Opened Four Points Mt. Prospect, Illinois
Four Points Mt. Prospect recently opened at 2200 Elmhurst Rd. in Mt. Prospect, Illinois. The 50,000-square-foot three-story hotel includes 93 rooms and features an onsite traditional American cuisine restaurant, fitness and business centers, and an indoor pool and spa.
Nexgen Hotels purchased the hotel for $5,150,000 and made renovations totaling $3,200,000 to convert the hotel into a Four Points by Sheraton. Renovations included new guestrooms and bathrooms, an addition of a restaurant and bar, a fitness center expansion, new lobby, and exterior work.
Nexgen Hotels, a hotel development and management company, was the general contractor and developer. The company is working for the first time with Midas Hospitality, a premier hotel management group, which will manage the property. This is the first Four Points brand hotel for both Nexgen Hotels and Midas Hospitality.
“We decided to develop the Four Points brand because we really liked the direction Starwood Hotels was taking,” said Nexgen Hotels' Principal Chris Patel. “Starwood's Preferred Guest (SPG) loyalty program seems to be the brand millennial travelers are selecting, and we wanted to be associated with this demographic.” Patel added that Starwood Hotels, which is now Marriott, “was great to work with, and we look forward to developing other products with them.”
“Nexgen Hotels has both a philosophy and standards of operation that complement our company's vision,” said Rob Willard, President and Principal. “We are excited to begin this partnership with their organization, as well as work with the Four Points brand for the very first time.”
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 
