A new Homewood Suites Hotel and Conference Center by Hilton is set to open in downtown Skokie, after Chicago-based E&M Strategic Development completed construction and topped out the project. The hotel, which is expected to be a major draw for business and leisure travelers, will have 143 rooms, 10,000 square feet of indoor meeting space, 5,000 square feet of outdoor meeting space, a rooftop bar, and 13,000 square feet of ground-level retail.
The site of the new hotel is at 4930 Oakton Street, which was formerly the location of Sanford Brown College. E&M Strategic Development acquired the site and received clearance to proceed with the development. The project also includes a $9.5 million parking garage, which will be built at 8031 Niles Avenue and house 100 public spaces and 200 hotel guest / employee spaces. OKW Architects, meanwhile, is behind the design, bringing a mix of varied masonry streetwall palette to Skokie’s growing downtown.
The total cost of the project was initially estimated to be $55 million, but due to inflation, it is expected to exceed $60 million. The village has agreed to contribute up to $13.5 million in tax increment financing (TIF) to the project. According to an article by The Real Deal, the hotel is expected to attract around 47,000 guests annually, generating 65 to 80 jobs and $12.5 million in revenue for Skokie.
Closest transit includes Route 97 and 210, at the adjacent Oakton & Niles Avenue intersection, and the Yellow Line subway just a five-minute walk east. With Russell Construction as general and construction now fully topped out, the Homewood Suites by Hilton Hotel and Conference Center is on track to open this year.