Trustees green-light Schaumburg's 30th hotel
Schaumburg trustees approved a 105-room extended-stay hotel on the former site of Bally Total Fitness Tuesday, bringing the village's total number of hotels to 30.
The four-story Home 2 Suites Hotel at 1300 E. American Lane represents a new brand for Hilton Worldwide, with only about 55 existing sites in the continental United States.
The Home 2 Suites project, which will be built by Oak Brook-based Inland Midwest Development Corp., is the fifth and last in a recent string of new hotel proposals for Schaumburg. The previous four are already in various stages of construction.
Village officials last year cited an improving economy and the expected 2016 opening of new tollway interchange ramps at Meacham and Roselle roads as major incentives for the new hotels.
As far as the relative demands for short-stay and extended-stay hotels, Schaumburg Economic Development Manager Matt Frank said every developer is expected to have done a thorough marketing study for each proposed project.
But the strong presence of corporate headquarters in and around Schaumburg is certainly a basis for the need for extended-stay hotels, Frank said. There are many temporary employees working in the area on three-month, six-month and even nine-month contracts, he added.
The four hotels already being built in Schaumburg include:
• A five-story, 142-room Radisson at the southwest corner of Roselle Road and the Jane Addams Memorial Tollway.
• A Hampton Inn & Suites being built in conjunction with a Granite City Food and Brewery restaurant at 801 Plaza Drive, just west of Woodfield Mall.
• An extended-stay TownePlace Suites and a short-stay Fairfield Inn & Suites being built side by side along National Parkway near Higgins Road.