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NexGen Hotels acquires SpringHill Suites in Waukegan, IL

With the addition of the 120-suite hotel, the company now owns and operates 13 hotels

NexGen Hotels acquires SpringHill Suites in Waukegan, IL

NEXGEN HOTELS, LED by Chris Patel as president, acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurneein in Waukegan, Illinois. The purchase is part of the company’s strategy in the market.

The hotel is near to Naval Station Great Lakes, Six Flags Great America & Hurricane Harbor, Gurnee Mills Mall, Waukegan Municipal Beach and other shopping, dining and entertainment options, a statement said.


“Acquiring the SpringHill Suites by Marriott strategically aligns our company’s growth in the Waukegan area,” Patel said. “Having an existing presence in the market with our TownePlace Suites by Marriott Chicago Waukegan/Gurnee, will help us collaborate between the hotels, and enhance our partnerships with other area businesses.”

Amenities at the property include an indoor swimming pool, a fitness center, a 24-hour Market offering snacks and sundries, and a boardroom that is ideal for small groups or business gatherings for up to 20 people.

SpringHill Suites offers separate living, working and sleeping spaces for guests. It also offers beds, soft linens and plush pillows. Each suite also features a microwave, mini-fridge, coffeemaker, complimentary Wi-Fi, a flat-screen television, and the designated workspace offers a well-lit desk for maximum productivity, the statement added.

Founded in 2007, Itasca, Illinois-based NexGen owns and operates 13 hotels with three more in development.

In August last year, NexGen Hotels opened Townplace Suites in Chicago area.

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Report: Rising Labor costs tighten US hotel industry margins
Photo credit: iStock

Report: Labor costs tighten U.S. hotel margins

Summary:

  • U.S. hotel margins tighten as demand slows and labor costs remain high, HotStats reported.
  • Unionized hotels carry 43 percent labor costs, versus 33.5 percent at non-union properties.
  • U.S. sees falling group demand and lower profit conversion since the second quarter.

THE U.S. HOTEL industry is showing signs of strain after a strong start to 2025, according to HotStats. Revenue growth is slowing, occupancy is falling and profit margins are tightening, particularly at unionized properties where labor constraints affect performance.

HotStats’ recent blog post revealed that TRevPAR has barely kept pace with labor costs in the first eight months of the year. While TRevPOR remains positive, gains are offset by declining occupancy, a sign that demand is cooling.

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