Arbor Lodging Partners, a Chicago-based hotel investment and management company, has acquired their first property in the Chicagoland market, Chicago Marriott Schaumburg. Located at 50 N. Martingale Road, Schaumburg, IL, 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.”
The hotel houses over 28,000 square feet of meeting and event space as well as dining and drinking options BlueFire Grille, Bevande Lounge and its very own coffee house, the Bean Counter. Additional amenities include a 24-hour fitness center, indoor pool and seasonal outdoor heated pool.
“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.