to Open in Mid 2006;
The Hotel and Convention Center is the Most Expensive Development
Ever Taken on by the Village at $226 million
Schaumburg, IL (June 9, 2005) — On May 26th, the Village of Schaumburg held a “Topping Off” ceremony to celebrate the completion of the new Renaissance Schaumburg Hotel’s 15-story frame. Construction for the hotel, which will feature 500 guestrooms and 48,600 sq. feet of meeting space, is progressing on schedule and is slated to open, along with a new 100,000 sq. foot convention center, in mid-2006.
More than 60 people attended the ceremony, including representatives
from all of the project partners: Walsh Construction, John Portman &
Associates, HDC International, and Renaissance Hotels North America as
well as local business owners and several government officials. Each
signed a small medallion that was mixed into concrete and ceremoniously
raised to the top of the structure and poured, commemorating each group’s
contribution to the project. Village President Al Larson enthusiastically
addressed the group about the success of the project, “This convention
center complex will add a new dimension to Schaumburg's economic development
and to the economy of the entire region.”
(l-r) Paige Koerbel (Marriott/Renaissance), Rolf State (John Portman & Associates), Ric Krause (Walsh
Construction), Dale Cheek (HDC International), Al Larson (Schaumburg Village President), Norris Hunt
(John Portman & Associates), Ellis Katz (John Portman & Associates), Jon Clay (Walsh), and
Dean Wilkerson (HDC International).
Recent reports on the convention center industry have sparked debate regarding the necessity and sustainability of convention centers and the hotels and communities they support. Despite those reports’ pessimistic outlooks, the Renaissance Schaumburg Hotel & Convention Center is already proving a phenomenal success. “I’m pleased to report that since opening our sales office last December, we’ve booked 8,000 hotel nights, totaling more than $1 million in room revenue, and more than $1.3 million in convention center revenue, more than three times what we expected at this point” says Randy Griffin, Director of Marketing for the new hotel and convention center. “The sales team has been very successful in finding brand new business opportunities for the Schaumburg area.”
The hotel and convention center, which will be managed by Marriott International’s
Renaissance brand and owned by the Village of Schaumburg, is the most expensive
economic development project ever taken on by the village at $226 million.
A feasibility study commissioned by the Village in 2000 determined that
the hotel and convention center would generate $6.4 billion in economic
activity over 30 years, including $387 million in tax revenues for state
and local government. It will employ 1,600 at the peak of construction
and once the project is open for business, 400 jobs will be created with
annual wages of $15 million. In addition, a 2003 feasibility study predicted
that the convention center would draw 380,000 attendees and over 70,000
hotel stays to Schaumburg each year.
The framework of the new Renaissance Hotel Schaumburg
The new Renaissance Schaumburg Hotel will epitomize the brand’s commitment to “Body of a Full-Service, Soul of an Independent” with its endless amenities and thoughtful design elements that embrace the surrounding landscape. Of the hotel’s 500 guest rooms, there will be 261 doubles, 212 kings and 27 suites. All accommodations will feature 2-line phones with data ports, high speed internet access, work desk, cable satellite TV with remote control, pay-per view movies, newspaper delivered (M-F), complimentary in-room coffee, hairdryer, ironing board, and individual climate controls. The hotel’s club level will provide amenities that ease life on the road, including concierge services, daily complimentary continental breakfast and afternoon cocktails. Hotel guests will also have access to a health club, indoor heated pool and whirlpool/spa.
|Also See:||The Renaissance Schaumburg Hotel and Convention Center, a $225 million Project Opening in 2006, Appoints Pre-Opening Sales Team / March 2005|
|Randy Griffin Named Director of Marketing for the Renaissance Hotel and Convention Center in Schaumburg, Illinois / December 2004|
|American Cities Flooding the Market with New Convention Center Space Even As Trade-show Industry Contracts; Underbooked Big Boxes / January 2005|