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Hotel Arista To Join $300M CityGate Project

NAPERVILLE, IL-The $43 million, 144-room independent luxury hotel is part of the mixed-use development, which will include one million sf of office space.

By Gina Kenny | Updated on April 22, 2008

NAPERVILLE, IL-Hotel Arista is expected to open this fall at CityGate Centre, a 31-acre mixed-use development at the interchange of Interstate 88 and Route 59. Chicago-based Calamos Real Estate LLC is developing the project. When completed, the development is expected to have one million sf of office space and 150,000 sf of retail space, in addition to the hotel, says Karla Harmon, senior director of leasing for Calamos Real Estate.

The estimated cost of the hotel is approximately $43 million, says John Calamos Sr. The entire CityGate development is approximately $300 million, he says.

Hotel Arista, which means “best” in Greece, will have 144 rooms, and conference and banquet facilities for up to 450 people, Calamos says. The 12-story hotel will also have a spa, salon, fitness center and restaurants. Chicago-based Lohan Anderson LLC designed the facility. A company has not been chosen yet to manage the hotel, he says. “We are putting together a management team, and we will be announcing that very shortly,” Calamos says.

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