NEXGEN HOTELS OF Schaumburg, Illinois, has begun development of an extended-stay hotel.
The company, headed by CEO Deepak Shah, announced on July 30 that it broke ground in Waukegan, Illinois, for a 96-unit TownePlace Suites, an upper-midscale brand by Marriott International.
The property is going up at Interstate 94 and State Route 94, about four miles from downtown Waukegan. It is part of the 30-acre Fountain Square shopping district, where four other hotels are operating. The City of Waukegan owns the land. Shaw Development Co. is developer of Fountain Square.
The hotel site is near pharmaceutical companies Abbott and Abbvie; Cardinal Health, a health care supplier; and Cancer Treatment Centers of America. It is also near Naval Station Great Lakes and Six Flags Great America.
NexGen Hotels expects the hotel to open in summer 2020.
Hotel manager is Genuine Hospitality LLC of St. Louis, Missouri, which manages other lodging assets developed by NexGen Hotels, including Four Points by Sheraton hotels in Illinois and Nebraska. Bob Willard and Kurt Furlong co-founded Genuine Hospitality last year.
In January, Atlanta-based Peachtree Hotel Group with Chief Operating Officer Mitul Patel and Chief Investment Officer Jatin Desai opened the TownePlace Suites by Marriott Memphis Southaven in Southaven, Mississippi.