Skip to content

Search

Latest Stories

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.

More for you

US Extended-Stay Hotels Outperforms in Q3

Report: Extended-stay hotels outpace industry in Q3

Summary:

  • U.S. extended-stay hotels outperformed peers in Q3, The Highland Group reported.
  • Demand for extended-stay hotels rose 2.8 percent in the third quarter.
  • Economy extended-stay hotels outperformed in RevPar despite three years of declines.

U.S. EXTENDED-STAY HOTELS outperformed comparable hotel classes in the third quarter versus the same period in 2024, according to The Highland Group. Occupancy remained 11.4 points above comparable hotels and ADR declines were smaller.

The report, “US Extended-Stay Hotels: Third Quarter 2025”, found the largest gap in the economy segment, where RevPAR fell about one fifth as much as for all economy hotels. Extended-stay ADR declined 1.4 percent, marking the second consecutive quarterly decline not seen in 15 years outside the pandemic. RevPAR fell 3.1 percent, reflecting the higher share of economy rooms. Excluding luxury and upper-upscale segments, all-hotel RevPAR dropped 3.2 percent in the third quarter.

Keep ReadingShow less