phoenix development
Phoenix Development Partners Acquires Historic Chicago Office Building to Redevelop as 350-Key Dual-Branded Hilton Property
Phoenix Development Partners | November 11, 2019
CHICAGO – November 5, 2019 – Phoenix Development Partners (“Phoenix”), as the lead sponsor, in partnership with Green Door Capital, Crowdstreet, Polaris, among other minority investors, announced the acquisition of 226 West Jackson (Chicago), a 238,000sf historic office building. This property will be restored and transformed to become a 350-room dual flag Hilton property (a Canopy by Hilton – 215 rooms - on the upper floors and a Hilton Garden Inn – 135 rooms - on the lower floors). John Mangel, Founder and CEO of Phoenix Development Partners commented that “the restored property will include a new 4,800sf rooftop restaurant...
Multi-Million Dollar, Full-Scale Renovation Underway for Hyatt Regency Deerfield Slated for Completion April 2019
Hyatt Regency | February 7, 2019
(DEERFIELD, Ill.) February 7, 2019 – Phase one of a multi-million dollar, full-scale renovation is underway on the Hyatt Regency Deerfield, a luxury, full-service hotel located just minutes from downtown Chicago and O'Hare International Airport. The project caters to the Hyatt Regency brand loyalists' desire for 24/7 connectivity and comfort with 300 completely revamped guestrooms and suites, refreshed, tech-enabled meeting space, updated common areas including guestroom hallways, and lobby, as well as the property's signature restaurant and bar, Jaxx Bistro and Jaxx Lounge. Phase one, which includes a $14 million redo of all gues...
