McKibbon Hospitality to Manage Hyatt House Chicago Fulton Market District
January 15, 2019
McKibbon Hospitality, an award-winning leader in the hotel development and management industry, has been awarded the management contract for the Hyatt House Chicago Fulton Market District. The hotel is being developed by Sterling Bay and is owned by an affiliate of Wheelock Street Capital and Sterling Bay. Hyatt House Chicago Fulton Market District will be McKibbon Hospitality’s first management property in the growing Fulton Market District of Chicago. Skender recently topped out construction of the hotel, which is expected to open in summer 2019.
“We look forward to establishing a presence in this up and coming area of Chicago through the Hyatt House Chicago Fulton Market District,” said Randy Hassen, president of McKibbon Hospitality’s hotel management division. “The hotel is a great management opportunity, and we are confident that together, all involved will bring a top-notch extended-stay option to the heart of the exciting Fulton Market District.”
The 14-story Hyatt House will be the first hotel in the Fulton Market District that caters to extended-stay corporate travelers. It will feature 200 guest rooms and suites, a lobby level bar, flexible meeting space, and a top-floor pool with a sky deck overlooking downtown Chicago. Other amenities include complimentary breakfast, Wi-Fi in every room, and an on-site, 24-hour fitness center. By staying at the hotel, guests can enjoy the Fulton Market District’s thriving Restaurant Row and an array of art galleries and retail options.
McKibbon Hospitality manages nearly 80 hotels across the country and represents brands including Marriott, Hilton and Hyatt.
About McKibbon Hospitality
Headquartered in Tampa, FL, and Gainesville, Ga., McKibbon Hospitality creates memorable hospitality experiences that inspire brand and property loyalty. It’s how we’ve grown into one of the largest (and most awarded) hotel development and management companies in the country. We build, renovate and manage properties across the country for Marriott, Hilton, Hyatt and other iconic hospitality brands. From hand-picking urban sites to imagining the just-for-you details of a guest experience, from overseeing operations to bringing a brand to life, and everything in between, McKibbon shapes inclusive hospitality development. Visit McKibbon.com to learn more.
About Wheelock Street Capital
Wheelock Street Capital was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 25 years of broad real estate transaction experience across all major asset classes. Wheelock has since raised over $2 billion in capital commitments and is currently investing its fifth fund comprising $725 million of commitments from leading pension funds, endowments and foundations. Wheelock will invest in a broad range of real estate assets throughout the United States. The fund may invest directly or with high quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations. Learn more at wheelockst.com.
About Sterling Bay
Sterling Bay is a leading investment and development company with expertise spanning all aspects of real estate ownership. Known for creating world-class urban campuses for companies such as Google, McDonald’s, Glassdoor, Dyson and Tyson Foods, Sterling Bay is consistently recognized for award-winning projects that transform space, enhance communities and strengthen a company’s culture and brand. Sterling Bay’s team of more than 200 professionals is responsible for a portfolio exceeding $3 billion, and a development pipeline in excess of $8.7 billion. For more information, visit www.sterlingbay.com.