W Hotel Chicago Loop
Developers are seeking a $50M TIF loan for conversion of the former BMO Harris Bank building at 111 W. Monroe St. into a new W Hotel (Marriott brand). Project is in early development/financing stage.
111 W. Monroe St. Hotel (The Prime Group / Capri Interests LLC)
Adaptive reuse conversion of approximately 275,000 sq ft of former office space in a landmark Loop building into a 327-room hotel with associated amenities. Project valued at $166.5 million, supported by a $50 million TIF loan approved by Chicago’s Community Development Commission. Developers are The Prime Group and Capri Interests LLC.
Edition Hotel at 875 North Michigan Avenue
Chicago-based real estate firm Hearn is in negotiations with Marriott International to convert ~400,000 sq ft of the former John Hancock Center into a 350-key Edition-branded luxury boutique hotel. Rooms would occupy floors 23-34 of the 100-story tower. Deal is not yet finalized.
Backbeat Hotel
50-room independent boutique hotel planned for Northalsted neighborhood in Chicago. 41K SF property to be built on the site of the former Yoshi’s Café. First renderings unveiled. Demolition of existing structure slated for later in 2026, with anticipated opening in 2028.
New Hotel (unnamed)
Springfield Mayor Misty Buscher and Sangamon County Board Chairman Andy Van Meter pledged support for proposed legislation that could bring about expansion of the Bank of Springfield (BoS) Center and construction of a new hotel in downtown Springfield, IL. Hotel name, size, brand, and timeline not yet specified. Still at legislative/proposal stage.
Bank of Springfield Center Hotel
Proposed hotel adjacent to the Bank of Springfield Center (BoS Center) convention venue. Project is contingent on pending legislation that would create a unit of government authorized to build the hotel. A feasibility study from 2024 outlines conceptual plans; a consultant has been hired by the county to develop updated plans including financing, architectural/engineering drawings, […]
Hollywood Casino Aurora
$360 million casino hotel project under construction since 2023, located near Chicago Premium Outlets mall and I-88 interchange. Includes new casino, hotel, and restaurants. Operated by Penn Entertainment. Replaces the former riverboat Hollywood Casino in downtown Aurora.
Hard Rock Casino Rockford Hotel & Convention Center
Hard Rock Casino Rockford plans to add a 200+ room hotel with spa, fitness facility, new food and beverage offerings, and a 15,000 sq ft convention center. Construction is set to kick off in 2026. Geno Iafrate is president of Hard Rock Casino Rockford.
W Hotel Chicago (BMO Harris Bank Building)
Prime Group chairman Mike Reschke and Capri Investment Group CEO Quentin Primo are seeking a $50M TIF loan (approved by Chicago Community Development Commission, pending City Council approval) to convert the lower 10 floors of the BMO Harris Bank building at 111 W Monroe St into a luxury hotel. Developers are in negotiations with Marriott […]
1901 Project Hotel
Part of the $7 billion 1901 Project development on United Center parking lots. First phase includes a hotel, music venue, and parking garages. Development is a joint venture between the Reinsdorf and Wirtz families (United Center owners). Chicago City Council committee unanimously approved a $55M tax incentive on May 11, 2026; full council vote expected […]