Printer Friendly

Midas Hospitality Partners with Nexgen Hotels.

Mount Prospect, IL, May 09, 2018 --( Four Points Mt. Prospect recently opened at 2200 Elmhurst Rd. in Mt. Prospect, Illinois. The 50,000-square-foot three-story hotel includes 93 rooms and features an onsite traditional American cuisine restaurant, fitness and business centers, and an indoor pool and spa.

Nexgen Hotels purchased the hotel for $5,150,000 and made renovations totaling $3,200,000 to convert the hotel into a Four Points by Sheraton. Renovations included new guestrooms and bathrooms, an addition of a restaurant and bar, a fitness center expansion, new lobby, and exterior work.

Nexgen Hotels, a hotel development and management company, was the general contractor and developer. The company is working for the first time with Midas Hospitality, a premier hotel management group, which will manage the property. This is the first Four Points brand hotel for both Nexgen Hotels and Midas Hospitality.

"We decided to develop the Four Points brand because we really liked the direction Starwood Hotels was taking," said Nexgen Hotels' Principal Chris Patel. "Starwood's Preferred Guest (SPG) loyalty program seems to be the brand millennial travelers are selecting, and we wanted to be associated with this demographic." Patel added that Starwood Hotels, which is now Marriott, "was great to work with, and we look forward to developing other products with them."

"Nexgen Hotels has both a philosophy and standards of operation that complement our company's vision," said Rob Willard, President and Principal. "We are excited to begin this partnership with their organization, as well as work with the Four Points brand for the very first time."

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 11 states. The company serves global brands including Hilton, IHG, Marriott, and Starwood. Midas Hospitality's headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo. For more information, call (314) 692-0100.

Nexgen Hotels, which was founded in 2008, currently owns and operates six hotels for various brands, as well as numerous restaurants including Bar Louie and Wahlburgers. Nexgen Hotels' headquarters are located at 502 Pratt Ave. N in Schaumberg, Ill. For more information, call 847-592-6218.

Contact Information:

Midas Hospitality

Rochelle Brandvein

(314) 692-0100

Contact via Email

Read the full story here:

No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback (Press Releases)
Geographic Code:1U3IL
Date:May 9, 2018
Previous Article:United[R] Real Estate Experiences 121% Growth Year Over Year in Transaction Volume and 106% Growth in Agent Count.
Next Article:Evan Pedone of Engel & Volkers Madeira Beach Named Top Sales Real Estate Advisor for April.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |