Residence Inn by Marriott Chicago / Warrenville
This attractive all-suite, extended stay property is located in the affluent Naperville/Warrenville area of Chicago, 30 miles west of Chicago’s Loop. Surrounded by Fortune 100 and high tech companies, the hotel was developed at a total turnkey cost of $12,000,000, and has shown strong, steady gains month after month since opening its doors – achieving premiums in market share within months of opening, and exceeding aggressive house profit and ROI targets within the second year of operation. On top of already producing industry leading results, the Residence Inn has continued to build rev par, rev par index, and NOI month after month consistently.
The Result
- 2nd Full Year of Operation
- 153% Smith Travel rev par index
- #1 rev par ranking in competitive set
- Top 10% of the overall Marriott Residence Inn brand
in guest satisfaction scores
- 52% house profit margin
- 12.4% free and clear return on investment
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