December 06, 2010
(Naperville, Ill.) – Marquette Companies, Naperville, Illinois, has selected Aries Capital, LLC, Chicago as their exclusive agent to secure financing, and as a hotel development partner for the 190,000 square foot, mixed-use development project located along the famed “Naperville Riverwalk” in the heart of downtown Naperville, Ill.
The project will feature the one and only hotel in the downtown area complete with a rooftop bar and restaurant, retail and other dining options, residential units, and ample multi-level parking. The project is a strong complement to the existing attractions and amenities that downtown Naperville offers, and will be fully integrated into the Riverwalk Esplanade, fronted by retail storefronts along vibrant pedestrian streets, outdoor plaza, fountain and outdoor cafés.
“The addition of the hotel will add a much-needed lodging option for the multitudes of business and leisure travelers that visit downtown Naperville each year,” said Bruno Bottarelli, Managing Director of Marquette. “We’re offering a unique, high-quality hospitality experience to meet the demand generated from Naperville’s famed Riverwalk, North Central College, Edwards Hospital, Naper Settlement and the many other businesses and attractions that draw people into the downtown market.”
Marquette chose Chicago-based Aries Capital, LLC to lead the development financing efforts based on their strong experience and focus on the hospitality segment.
“Aries has successfully secured financing for several high-profile, $100 million-plus, mixed-use hospitality developments, including the Ritz-Carlton Hotel & Residences in Scottsdale, and the Waldorf-Astoria Collection’s Roosevelt Hotel in New Orleans,” said Neil Freeman, Chairman & CEO at Aries. “We are excited to be a part of the project team, and are working with several potential candidates seeking to capitalize on downtown Naperville’s unique market opportunity.”
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