The highly anticipated Ace Hotel under construction in the Fulton Market area has confirmed that it will be opening this fall. The Portland-based hotelier first revealed its intentions of opening a Chicago location in October 2014, and by last summer, construction was in full swing. Developed by the West Loop’s Sterling Bay with GREC leading the design duties, the hip hotel chain will no doubt service the employees and clients of major West Loop corporate tenants like Google, SRAM, and McDonald’s.
According to Chicago magazine, the hotel will feature a few different hotel floor plans ranging in size from around 275 square feet for a small room up to 800 square feet for the largest rooms. And like the plethora of other boutique hotels that have joined Chicago’s hospitality scene in recent years, the Ace will come with a number of guest amenities and food and beverage offerings.
The Fulton Market Ace Hotel will become the home to the Midwest’s first Stumptown Coffee Roasters location and will also feature a new restaurant concept with a yet to be announced local chef. And like the nearby Soho House on Green Street, the upcoming Ace Hotel will boast a rooftop deck space outfitted with a full service bar.
The Ace Hotel is just one of dozens of new projects currently under construction in the West Loop area. However, late last year, Crain’s reported that Sterling Bay, the project’s developer, had tapped a commercial brokerage to find a buyer for the project. Busy with numerous other major projects including the new McDonald’s HQ and the new C.H. Robinson HQ in Lincoln Park, Sterling Bay could net upwards of $90 million for the new Ace Hotel project, Crain’s suggested late last year.
- Ace Hotel [official website]
- Chicago’s New Ace Hotel Will Open This Fall [Chicago magazine]
- Ace Hotel Will Feature Chicago’s 1st Stumptown Cafe, Restaurant & Rooftop Bar [Eater]
- Ace Hotel developer seeks $90 million sale [Crain’s]