Arbor Lodging Partners Acquires Chicago Marriott Schaumburg Through Joint-Venture with Middleton Partners
February 2, 2018 11:13am
(CHICAGO; February 2, 2018)–Arbor Lodging Partners, the Chicago-based, leading hotel investment and management company, today announces the acquisition of their first property in the Chicagoland market, Chicago Marriott Schaumburg. Located at 50 North Martingale Road, Schaumburg, Illinois, the 398-room hotel marks Arbor Lodging’s fifth Marriott International-branded hotel and was acquired through a joint-venture with Middleton Partners. The full-service hotel will be managed by Arbor Lodging Partners’ affiliate Arbor Lodging Management and is the first in a series of new additions coming to Arbor’s growing portfolio in 2018.
Upon acquisition, Arbor Lodging Partners will begin execution of a significant renovation and repositioning of the hotel to further enhance its position as the leading full-service hotel in Chicago’s northwest suburbs. The renovation will include a modern update to all guestrooms and guest bathrooms, a re-imagined and contemporary lobby and dining experience, enhancements to meeting facilities, and introduction of Marriott’s popular M Club Lounge for elite members of the Marriott Rewards program.
"The decision to add the Chicago Marriott Schaumburg to our hotel collection stems much deeper than simply adding another 398 rooms to the portfolio," said Vamsi Bonthala, CEO of Arbor Lodging Partners. "This investment in our local community directly aligns with Arbor’s disciplined investment strategy, growth plans, and values. We’ve been looking for the right opportunity to make our entry into the competitive Chicago market for some time and when presented with a performing asset that has significant upside, we knew it was the right choice for Arbor.”
Chicago Marriott Schaumburg’s spacious guestrooms feature large workstations with ergonomic chairs, renovated marble-clad bathrooms, complimentary high-speed Wi-Fi, and Frette luxury linens. The hotel houses over 28,000 sq. ft. of meeting and event space, the BlueFire Grille, a full-service, American restaurant serving up internationally-influenced dishes, Bevande Lounge, the hotel’s on-site bar, and its very own coffee house, the Bean Counter. Fitness is made easy by the 24 hour fitness center, indoor pool, and seasonal outdoor heated pool. The property is ideal for families, leisure, and corporate travelers and is centrally located near LEGOLAND® Discovery Center Chicago, Woodfield Mall, a selection of golf course, and downtown Chicago.
"This property is in a very desirable location for a myriad of corporate and leisure travelers and brings a long-standing reputation for outstanding customer service," added Sheenal Patel, CEO of Arbor Lodging Management. "We’re excited to begin working with the team there and will continue to drive its successful performance by creating engaging, memorable guest experiences.”
Arbor Lodging’s fully-integrated hotel investment and hotel management platform owns 17 hotels throughout the U.S. The portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels & Resorts, Courtyard by Marriott, Hilton Garden Inn, and more. For more information, please visit www.arborlodging.com.
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chicago marriott schaumburg
Arbor Lodging is a Chicago-based national owner and operator of hotels. The company was founded in 2005 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels, and, through its affiliate Arbor Lodging Management, manages operations for its own hotels and those owned by third-parties. A leading hotel management company with a range of services, Arbor Lodging Management has been designated one of the nation's top hotel companies in 2015 by Hotel Management Magazine. In 2017, Hotel Phillips Kansas City, an Arbor Lodging-managed property, made Architectural Digest’s list of the ‘Most Beautiful Hotels in Every State.’ To learn more about Arbor Lodging, visit www.arborlodging.com.
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