The Twins: Staybridge Suites Glenview and Staybridge Suites Lincolnshire

In 2003 Dellisart Lodging successfully demonstrated its’ ability to develop, build, open, and ramp up two hotels concurrently.

Development - The development phase was highlighted by the successful entitlement, financing, and building of two $13.5 million dollar projects. The first in Lincolnshire, IL, a corporate hub in the northwestern suburbs of Chicago, and the second in nearby Glenview, IL, an emerging commercial hotbed situated on land once serving as a  Naval Air Station. In Glenview, no hotel had been built within the city limits for over 15 years. Both projects were completed, from plan submission to opening, in just over 14 months, with construction lasting a mere 9 months.  We believe that it takes vision, courage, and dedication. These are but three skills sets that Dellisart Lodging leverages towards every project.    

Building - In order to build the two Staybridge Suites hotels located in Glenview, IL, and in Lincolnshire, IL, Dellisart Lodging developed a unique partnership with Kiferbaum Design & Build, one of the premier design & build companies in the entire Midwest. Working together cooperatively with the professionals at Dellisart, Kiferbaum delivered the projects on time, and, perhaps most importantly, on budget. As a result of their initial success, and their shared primary commitment to excellence, Dellisart Lodging and Kiferbaum have united to form a joint venture; Dellisart Development and Construction Services, a company that will enable both organizations to leverage the strengths of each other on future projects. 
   
Opening – Two hotels, in the same city, on the same day, with opening scores of 99.85, and a perfect 100, the two highest opening scores ever awarded a Staybridge Suites. Dellisart Lodging Hospitality Management retained responsibility for coordinating the purchasing and installation of FF&E, developing all pre-opening strategies, directing the sales and marketing efforts, and, hiring and training all staff. These were all critical elements that contributed to a successful opening, and, have further served to establish the culture, and lay the foundation for a highly energized team of individuals to remain focused on maximizing revenues and profits, insuring customer satisfaction, and maintaining an extremely high level of product quality.

Ramping Up – Both hotels, the Staybridge Suites Hotel-Glenview, IL, and the Staybridge Suites Hotel-Lincolnshire, IL, are ramping up as planned, and meeting the initial financial expectations of ownership. Open for only 13 months as of June 2004, the hotels have provided a 10% cash distribution to ownership through their initial 4 quarters of operations, and, have both achieved a REVPAR Index, on a trailing 12 month basis, of over 100% within their first 13 months of operations. Other key indicators such as extended stay percentages, average lengths of stay, and gross operating margins are all on or ahead of plan. Planning, execution, evaluation, and flexibility all round out the strengths that team Dellisart team brings to its’ partners.