...Beitler also wants to tee up a dual-branded 400-room hotel project in the South Loop. A Holiday Inn Express would comprise about half the rooms in the $93 million project, with a Staybridge Suites accounting for the rest. Both chains are run by InterContinental.
In the South Loop, Beitler would build a 27-story tower at the southeast corner of Wells Street and Congress Parkway. Owned by the Cacciatore family, the property includes the Hunter Building, an eight-story structure built in 1903 that would be torn down.
Designed by Chicago architect James DeStefano, the new high-rise would include a rooftop restaurant and bar with views of the Chicago River and Lake Michigan, Beitler said. He expects significant demand for rooms from the University of Illinois at Chicago and nearby hospitals like the Rush University Medical Center.
We shall see...
FYI - our Sloopin development tracker is up-to-date.