480.716.3664

NexGen Hotels Acquires Chicago Landmark Hotel Versey

Hotel Versey Chicgao NexGen Hotels Acquires Chicago Landmark Hotel Versey

NexGen Hotels, a hotel development and management company based in Itasca, Illinois, has acquired the Hotel Versey in Chicago. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri.

The boutique hotel is located within the 1920s Diversey Arms building, a Northside Chicago landmark that first served as a home to jazz musician Bix Beiderbecke. It was later known as the “Rock and Roll Days Inn” due to its popularity with rock bands including the Foo Fighters, Nirvana, Smashing Pumpkins, the Red Hot Chili Peppers and the Black Keys.

“The Hotel Versey has been on our radar for a long time as it is steeped in rich hospitality tradition that dates back to the 1920s,” said Chris Patel, president, NexGen Hotels. “We hope to continue on with this tradition with this completely one-of-a-kind hotel.”

Hotel Versey is situated near Lincoln Park in close proximity to restaurants, nightclubs, shopping, museums and universities. The property features Chicago décor on the walls behind each bed, which highlights iconic local sites like Wrigley Field, the Ferris wheel at Navy Pier, and the skyline.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!

Article Source: https://www.connectcre.com/stories/nexgen-hotels-acquires-chicago-landmark-hotel-versey/ | Post Publish Date: | Author Name: *If Author Name fails to auto populate herein, auto population of Author to auto generate on previous news page, via RSS aggregator, or follow the "Article Source" link above to open original post URL. VANDEWEERD COMMERCIAL / VANDEWEERD, LLC is making or makes said material available and/readable for the following (to include but not be limited to): News Reporting, Teaching, Research Purposes, etc. See Terms of Use along with Privacy Policy for additional information.
Are you curious what your commercial real estate asset is worth?
Considering selling, leasing, or investing in commercial property?
We're here to help you thrive.
Lets discuss your goals and discover how we can assist in achieving them.
Considering selling, leasing, or investing in commercial property?
Are you curious what your commercial real estate asset is worth?
We're here to help you thrive.
Lets discuss your goals and discover how we can assist in achieving them.