NAPERVILLE, Ill. (January 18, 2011) – In a joint venture, the team of Janko Group, Bricton Group and a Heitman-managed real estate fund  announced today its acquisition of the former Holiday Inn Naperville, which will reopen as a full-service Marriott in March, 2012.  After an extensive $30 million renovation to be implemented by Peak Construction, the hotel will exhibit the high standards guests expect from a Marriott Hotel.

 “We’re thrilled to open a Marriott in Naperville and we’re doing our best to ensure this new hotel best meets the needs of travelers and the Naperville community,” said Eileen Cole, corporate director of sales for the Bricton Group.  “We will work closely with the Naperville Development Partnership and Convention and Visitors’ Bureau to assist us in bringing more business to the community.  From meeting spaces to luxurious and comfortable accommodations, the hotel will be a great fit in the area.”

“We are delighted to learn about the new Marriott in Naperville and see great benefits for Naperville,” said Christine Jeffries, president of the Naperville Development Partnership. “We’re happy to assist the hotel as they enter the new phase in opening the Marriott.”   

The $30 million redevelopment includes a complete transformation of the asset into a business class hotel with state-of-the-art meeting space and top-tier food and beverage outlets.