JOINT VENTURE REDEVELOPING THE FORMER PURPLE HOTEL IN CHICAGO

CHICAGO — First Hospitality Group Inc., in a joint venture with Skokie, Ill.-based North Capital Group LLC, is redeveloping the former Purple Hotel in Chicago. The new hotel will open as a SpringHill Suites in fall 2015 as part of a larger mixed-use project called The Shoppes at Lincoln Pointe, which will include retail, dining, grocery and office space. The five-story hotel will feature 160 guest rooms, 4,000 square feet of banquet space and 1,000 square feet of meeting space. The hotel is within close proximity to downtown Chicago, O'Hare airport, Loyola University and Northeastern Illinois University.