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NexGen acquires SpringHill Suites in Chicago

The 82-suite hotel will undergo full renovation in December

NexGen acquires SpringHill Suites in Chicago

NEXGEN HOTELS HAS acquired the SpringHill Suites by Marriott Chicago Bolingbrook in Chicago. The company, led by Chris Patel as principal, plans to fully renovate the hotel.

The 82-suite hotel is in Bolingbrook a suburb of Chicago, near Chicagoland Speedway, Harrah’s Casino, The Promenade at Bolingbrook, Pelican Harbor Indoor/Outdoor Aquatic Park, downtown Chicago and other shopping, dining and entertainment businesses.


Renovation work on the hotel will begin in December. The hotel’s amenities include an indoor swimming pool and a fitness center.

“When renovations are completed, we expect the hotel to appeal to travelers coming to the Chicago area seeking a well-known brand with modern amenities,” Patel said.

In December, The SpringHill Suites by Marriott San Diego Carlsbad opened in Carlsbad, California. It is owned and managed by DKN Hotels of Irvine, California, led by Kiran Dahya as CEO.

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Peachtree Group funds Vastland’s VOCE hotel with $130M loan
Photo credit: Vastland Co.

Peachtree finances Vastland’s VOCE Hotel for $130M

Summary:

  • Peachtree Group financed Vastland’s VOCE Hotel in Nashville for$130M.
  • The 25-story development will feature 192 residences and 114 hotel suites.
  • Construction will start Dec. 8, with completion expected in fall 2027.

PEACHTREE GROUP PROVIDED a $130 million construction loan to Vastland Co. for its first VOCE Hotel & Residence in Nashville, Tennessee. Construction will begin on Dec. 8, with completion expected in fall 2027.

The 25-story mixed-use development will include 192 residences, 114 hotel suites, 60,000 square feet of office space, and more than 40,000 square feet of dining and wellness amenities, according to NashvillePost.

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