Choice Hotels & Murphy Asset Management to Develop New Cambria hotels & suites in Downtown Chicago
December 2, 2015 12:52pm
ROCKVILLE, Md., Dec. 2, 2015 -- 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.
Tags: murphy asset management,
cambria hotels & suites
Cambria hotels & suites makes business travel easier—and more fun—than ever before. Offering modern decor, rooms that feel like an upgrade, and fresh, local cuisine at our Social Circle™ restaurant, Cambria makes every guest feel like a VIP. There are currently 25 properties open across the country and 30 under development in the U.S. and Canada. To learn more, visit www.cambriahotelsandsuites.com.
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.
Contact: Chris Horney
Choice Hotels International, Inc.® (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,300 hotels franchised in more than 35 countries and territories, we represent more than 500,000 rooms around the globe. As of September 30, 2015, 638 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge® and Rodeway Inn® brands provide a spectrum of lodging choices to meet guests' needs. With more than 24 million members and counting, check out our Choice Privileges® rewards program to see how you can reap the benefits of being a member of the Choice Hotels® family. All hotels are independently owned and operated. Visit us at www.choicehotels.com for more information.
Contact: Scott Carman
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