Contract approved to build arena/hotel near Chicago's McCormick Place

Prairie District 3 Partners has been awarded a $564-million contract to design and build an event center and hotel complex in the South Loop in Chicago. The hotel’s construction cost of $400 million has remained the same since it was first proposed, the Sun Times reports.

James Reilly, CEO of the Metropolitan Pier and Exposition Authority, had reportedly recommended the Prairie District 3 group to the Authority's board. The event center is intended as the future home of the DePaul University basketball teams and, with a 1,206-room hotel, could become the centerpiece of a new entertainment district near the McCormick Place convention center.

The groundbreaking could take place in April or May, Reilly said. Construction is expected to take about two years, meaning it would open in 2017.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The partnership is led by Clark Construction Group Chicago LLC, with a 65 percent stake; Bulley & Andrews LLC at 16 percent; Goettsch Partners, at 6 percent; Moody Nolan at 5 percent; Old Veteran Construction at 5 percent and McKissack & McKissack Midwest at 3 percent.

Suggested Articles

Demand came in 67,000 rooms lower during the week ended July 4 than the previous week, according to Jan Freitag, STR’s SVP of lodging insights.

Two recent cases address the issue of hotel liability when personnel assist police who have an issue with a guest—here's the lesson for hotels.

The Buccini/Pollin Group has a longstanding connection to the Baltimore region, opening its first hotel in the area in 1997.