July 30, 2014 – Chicago, IL – Pearlshire Capital Group has taken ownership of the Holiday Inn Chicago SW Countryside Conference Center and William Tell Restaurant.
As new owners of the 172 room Chicago hotel, Pearlshire Capital Group, specialists in distressed real estate investments, will invest $8 million in capital improvements to reposition the property. Pearlshire Capital Group will retain the services of Ultima Hospitality, the company that has successfully managed the landmark property since 2012. “We are looking forward to working with Ultima Hospitality as we enter an exciting phase for the Holiday Inn Countryside” commented Rehan Zaid, a principal of Pearlshire. “Working together on our plans for an extensive renovation of this historic property will develop great potential for the hotel and our partnership.”
Ultima Hospitality, based in Chicago, Illinois is an industry leader providing full service and select service hotel management. “We are thrilled to have the opportunity to begin our partnership with Pearlshire Capital Group” said Chief Operating Officer Mark Zettl. “For the past two years we have produced strong results at Holiday Inn Countryside. The owner’s commitment and the plans to improve the hotel will allow the team to grow our business and elevate the guest experience.”
Ultima Hospitality’s commitment to guest service is their fundamental distinction as a hospitality management company. With extensive experience in hospitality and commercial real estate management among its senior leadership, Ultima Hospitality has working relationships with all major hotel brands, including Choice Hotels, Inter Continental Hotels, Marriott, Hilton, Hyatt, Starwood and Wyndham Hotels.
Hosting more than 120 wedding events a year, Holiday Inn SW Countryside Conference Center and William Tell Restaurant boast more than 25,000 sq. ft. of conference space along with an indoor recreational center featuring an Olympic size pool, two Jacuzzis, a sauna, a children’s pool, a Fitness Center and game area. The hotel is situated close to downtown Chicago, Chicago O’Hare International Airport and Chicago’s Midway Airport, with a complimentary shuttle available to and from Midway Airport.
For more information about Holiday Inn SW Countryside Conference Center and William Tell Restaurant, visit www.holidayinn.com/countrysideil.
