Following a four-year construction delay, Chicago-based developer Oxford Capital Group has assumed ownership of a partially completed hotel in downtown Chicago, it announced this week. The 16-story property — work on which was stalled in 2008 due to a foreclosure lawsuit that has since been settled — originally was slated to be part of InterContinental Hotel Group's Staybridge Suites brand. Instead, it will be an independent, full-service hotel known as The Godfrey Hotel.
Opening in 2013, the "upper upscale" hotel will include 221 guest rooms, a chef-driven restaurant, a lobby bar, a spa and a 24-hour fitness center, not to mention a 12,000-square-foot indoor/outdoor rooftop lounge and conference space designed for events of up to 150 people and receptions of up to 400 people.
"We are excited to be completing this unique building," said John W. Rutledge, founder and president of Oxford Capital Group, which will manage the hotel through its operating affiliate, Oxford Hotels and Resorts. "We believe The Godfrey Hotel will become instantly recognizable due to its prominent location, distinctive architecture, compelling interior design, its host of amenities and most important of all, an extremely high touch, customer friendly service ethic."
Located in Chicago's River North neighborhood, just west of the Magnificent Mile, The Godfrey features a distinctly modernist design courtesy of architect David Jennerjahn of Chicago-based Valerio Dewalt Train.
"We conceived of the hotel's design as a taut wrapping of cubist forms that shift inward and outward to reveal the building's expressive structural frame. Both daring and honest — a real Chicago building," Jennerjahn told the Chicago Sun-Times.
Said Chicago Mayor Rahm Emanuel, "The construction of The Godfrey Hotel in River North is a great example of a modern repurposing of a construction project to meet the needs of a growing community in the heart of Chicago's digital alley. The project will add 100 permanent jobs, boost economic development in the area and enhance the city's diverse architecture. It will be a great building in a thriving community."