Hotel Under Construction at $300M CityGate

NAPERVILLE, IL-Construction has begun on a $43 million hotel that will be part of the CityGate Centre, a mixed-use development at the interchange of I-88 and Route 59. “We believe that the product is missing in Naperville. There is no upscale four-star hotel in Naperville,” says Daniel Slack, president of Calamos Real Estate LLC. Chicago-based Calamos is developing the $300 million project that will also include office and retail components.

The CityGate Centre Grand hotel will have 144-rooms, with overnight stays expected to be about $200, Slack says. The hotel will also have a European-themed restaurant, a lobby lounge, spa and fitness center. The hotel’s interiors and exterior is being designed by the architectural firm of Lohan Anderson. The hotel is expected to open next summer and will be managed by Portfolio Hotels and Resorts.

The 12-story hotel will have a 500-person banquet facility, board room and other meeting facilities. Slack said the area is missing an area where board meetings can be held. In particular, there is not a facility in the area where a person could stay the night and then attend a corporate event, like a board meeting, without having to leave the building. Currently, a business would have to go to downtown Chicago for corporate events, he says.