Thank you for sharing!

Your article was successfully shared with the contacts you provided.

VERNON HILLS, IL- An affiliate of Florida Capital Land Corp. based in Lake Mary, FL, is converting the 127-room AmeriSuites, 450 N. Milwaukee Ave., into a Hotel Indigo. Lane Hospitality, based in Northbrook, IL, will manage the branded-boutique hotel for owner FCLC Vernon Hills LLC under a license agreement with a company in the InterContinental Hotels Group.

The cost of the renovation and conversion is estimated at $4.5 million. The six-story hotel will be the third Hotel Indigo in the Chicago area, with the other two locations in Palatine and Chicago’s Gold Coast neighborhood, says Jim Anhut, SVP for brand management for Hotel Indigo.

Renovations began in December and the hotel is expected to open in April. The lobby is being renovated and renovations to the rooms will include removing the bathtubs and replacing them with “spa-inspired” showers, Anhut says. The exterior will be renovated slightly to “de-identify” the roofline with the previous hotel brand, he says. Every few months, the common areas will change appearance with different artwork, music and murals. The rooms will change every few years with different area rugs for the hardwood floors, duvets, drapes and slip covers, Anhut says.

The hotel was acquired by an affiliate of Florida Capital Land Corp. in September 2002 for reportedly $13.1 million. The hotel is operating as an AmeriSuites, but needs to be converted to a different hotel since AmeriSuites was acquired by Hyatt Corp., and “AmeriSuites, as a brand, is ceasing to exist,” says John Marko, regional VP of hotel operations for Lane Hospitality. Hotel Indigo was chosen to make the hotel stand out in the Vernon Hills area, which has “a lot of the typical existing corporate hotels,” he says. “We wanted to really position the hotel a little differently from everyone else (and) to stand above the standard brands,” Marko says. Additionally, the Hotel Indigo brand was chosen because it has Priority Club Rewards, a hotel loyalty reward program for IHG hotels which has more than 37 million members, Marko says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.