IHG to Open a New Hotel Indigo Hotel in Downtown Chicago

Hotel Indigo, InterContinental Hotels Group’s upscale boutique brand, is continuing its expansion in major U.S. cities with plans for its third hotel in the Chicago market.

The hotel, which will be located in the historic downtown area’s Atlantic Bank Building, is expected to open in spring 2014.

The 156-room Hotel Indigo Chicago-Millenium Park hotel, located at 168 N. Michigan Ave., will undergo an estimated $20 million renovation by the ownership and will occupy a 101-year-old building that first opened in 1912 as the Federal Life Building.

As part of the extensive renovations, the hotel will add four floors to the building - bringing the total to 16 stories - housing a rooftop bar, and a restaurant managed by celebrity chef David Burke. The hotel will maintain many of its historic features, including the original white enamel terra cotta exterior.

“The Hotel Indigo brand is uniquely designed to reflect the culture, character and history of the neighborhoods where our hotels are located,” said Mary Winslow, director, Brand Management, Hotel Indigo, the Americas, IHG. “This hotel will occupy a local landmark on famed Michigan Avenue, one of the most storied neighborhoods in Chicago. The growth of the Hotel Indigo brand in top-tier markets like Chicago, New York and New Orleans proves that guests value the boutique, local neighborhood experience that our hotels provide.”

Set in the heart of Chicago’s vibrant business district, and within walking distance to many of Chicago’s best restaurants, shopping and theater districts, the Hotel Indigo Chicago-Millenium Park hotel is located just steps from the Jay Pritzker Pavilion and Millenium Park. The hotel will also be in close proximity to the Magnificent Mile, Grant Park, the Art Institute of Chicago and numerous corporate offices. Within a mile of Interstates 90, 94 and 290, as well as U.S. Highway 41, the Hotel Indigo Chicago-Millenium Park hotel will be served by several bus and train stops and will be close to the Chicago Cultural Center, one of the city’s most popular sites for fundraisers, concerts and other special events.

The Hotel Indigo Chicago-Millenium Park hotel, owned by Crown Series 168 North Michigan LLC and managed by First Hospitality Group, is franchised by an affiliate of IHG.

With a global pipeline of nearly 50 hotels, the Hotel Indigo estate is expected to double in size to 100 properties within the next three to five years.