Choice Hotels Announces Cambria hotels & suites to Open in Chicago's Loop Area
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with Integrated 32 West Randolph LLC, an affiliate of Murphy Asset Management, LLC to develop a new Cambria hotel & suites in the Loop area of downtown Chicago, IL. The 198-room, 21-story Cambria property will be located above the Ford Center for the Performing Arts Oriental Theatre at 32 W. Randolph St.
ROCKVILLE, Md., -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with Integrated 32 West Randolph LLC, an affiliate of Murphy Asset Management, LLC to develop a new Cambria hotel & suites in the Loop area of downtown Chicago, IL. The 198-room, 21-story Cambria property will be located above the Ford Center for the Performing Arts Oriental Theatre at 32 W. Randolph St., and is expected to open in September 2017.
"Last year, over 50 million people visited Chicago, which is one of America's most iconic cities and one of the country's largest business centers, making it the perfect city for the rapidly expanding Cambria brand," said Michael Murphy, senior vice president, upscale brands, Choice Hotels International. "The Cambria hotel & suites Chicago will bring a rare find to the city– upscale service at an affordable price."
Cambria hotel & suites Chicago will sit in Chicago's energetic central business district, or "Loop" neighborhood, and will be directly across from a number of high end restaurants and retail outlets known collectively as Block Thirty Seven. Guests traveling on leisure will be able to take advantage of the many attractions the area offers, including Millennium Park, the John Hancock Center, Skydeck Chicago and the Chicago Riverwalk. A number of Fortune 500 companies are also headquartered in the area, including Boeing, Archer Daniels Midland, United Continental Holdings and the Exelon Corporation, making Cambria hotel & suites Chicago the perfect destination for business travelers.
"We're proud to partner with Choice Hotels to bring the Cambria hotels & suites brand to our home city of Chicago," said John T. Murphy, CEO and principal of Murphy Asset Management. "We are focused on bringing unique developments to Chicago intended to elevate the visitor experience. The Cambria brand is a modern, stylish, upscale hotel option for both business and leisure travelers while maintaining an outstanding performance record in major markets throughout the country."
Designed as both a business and leisure travel brand, all Cambria hotels & suites properties feature a larger lobby to give guests a more social atmosphere; oversized rooms with flexible spaces; and the latest technology that allows guests to stay connected while they travel.
As with all Cambria hotels & suites, the Chicago property will feature other fine amenities such as a contemporary bistro, Social Circle™, serving a menu comprised of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar. This property will boast over 2,500 square feet of meeting space with AV capabilities for group meetings and conferences, as well as valet parking for all guests.
About Murphy Asset Management
Murphy Asset Management, LLC focuses on generating development opportunities in the multifamily, hospitality and office sectors across the country. Through sound investment strategies and extensive due diligence, the dynamic development team at Murphy Asset Management identifies, evaluates and executes projects by combining sound financial modeling, economic analysis and entrepreneurial creativity. Murphy Asset Management more recent hotel developments include Hyatt Centric The Loop Chicago, Hampton Inn Chicago Motor Club, and the Holiday Inn Cleveland Clinic.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with more than 7,500 hotels representing nearly 650,000 rooms in 46 countries and territories. Its portfolio of 22 brands includes full-service upper upscale, midscale, extended stay, and economy properties. For more information, visit choicehotels.com.
Forward-Looking Statements
This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 915 Meeting St Ste 600, North Bethesda, MD 20852, email: [email protected].
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