Concept plans for a 130-room hotel at Route 22 and Old Rand Road were presented to the Lake Zurich village board Monday night.
Board members gave what they called a "courtesy review" for the project presented by John Breugelmans, who heads Lakeland Asset Management Group.
Elected officials agreed Breugelmans can proceed with the project to the advisory plan commission. A public hearing hosted by the plan commission would be part of the approval process.
"You have a little work to do between now and then, don't you?" Lake Zurich Mayor Suzanne Branding told Breugelmans.
Under the draft plan, the hotel would rise seven stories and offer banquet and conference space.
The banquet and meeting space would cover 9,500 square feet, Breugelmans said, and s bar and restaurant would be part of the mix.
"The hotel makes a lot of sense there," Breugelmans said. "The nearest hotel on Route 22 is in Lincolnshire."
If built, the hotel would be in a special taxing zone for Lake Zurich's long-stalled downtown redevelopment. Breugelmans estimated the project would cost $20 million.
Trustee Tom Poynton said he'd expect the hotel would benefit new businesses such as restaurants if they are built downtown.