USA: Start of construction for Acron hotel project
Ground has now been broken for an Acron Group hotel project on Chicago's Navy Pier.
Navy Pier is an approximately one-kilometer-long pier in Lake Michigan and is considered a Chicago landmark. Directly on this pier, the real estate investment company will build the Navy Pier Hotel. It will be the first and at the same time the only hotel in the history of Navy Pier, Acron informs.
It is to have 222 rooms and, among other things, a large rooftop bar. The property will be managed under the luxury brand "Curio Collection by Hilton" and operated by the hotel management company Maverick Hotels & Restaurants. It is scheduled to open in the first quarter of 2020. Qualified investors in Switzerland can invest in the project.
Chicago, the third-largest city in the U.S., saw a record number of visitors last year, with 55.2 million tourists, Acron reports. During the same period, the occupancy rate of hotels in the city also increased by 3.3 percent, it said. The city is currently promoting tourism development and economic upgrades. A separate development plan has been drafted for the visitor magnet Navy Pier under the name "Centennial Vision."
