Chicago, June 24, 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 Hampton Inn and Homewood Suites flags to the vibrant West Loop market. These urban chic hotels should set the standard for guests wishing to exercise their brand loyalty in a downtown setting,” said E. Michael Pompizzi, Jupiter Realty Company President.
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.
