ST. CHARLES, Ill.
The Pheasant Run Resort & Spa in St. Charles, Illinois, in foreclosure since 2011, was purchased by Saint Charles Resort, LLC, a collaborative group of hotel investors and operators who will acquire title upon confirmation of the sale in the underlying foreclosure action.
Hostmark Hospitality Group will manage the 473-room property and oversee a $5 million capital improvement project designed to rejuvenate the 250-acre resort founded by Edward McArdle in 1963. Terms of the deal have not been disclosed.
“This is an exceptional opportunity for our team to build upon the 50-year legacy of this property, revitalizing the resort’s impact on the surrounding community, its commerce, and employment opportunities,” says Jerome F. Cataldo, president and CEO of Hostmark Hospitality Group.
Hostmark Hospitality has a track record of developing and operating resort properties in the United States, Canada, Egypt and the Caribbean. The company is always on the lookout for capital improvements that are aligned with delivering a superior resort guest experience.
Positioned as the Midwest’s largest entertainment resort, Pheasant Run Resort & Spa attracts leisure, business and meeting clientele with its 18-hole golf course, Spa Vargas, two restaurants, two pool bars, a 320-seat theatre, three lounges, three pools, Zanies Comedy Club, a 38,000 square foot expo center and 42 meeting rooms. The property offers a total of 100,000 square feet of meeting space.
Located just one hour west of Chicago, the property also features a new golf practice center with 50 grass hitting stations, putting and short game areas, and state-of-the-art instructional equipment.
Planned capital improvements will include upgraded infrastructure and fresh looks for building exteriors, public spaces and guest rooms and baths. Final decisions regarding the selection of a prominent, Chicago interior design firm will be made shortly according to Cataldo.
For general information about the resort visit http://www.pheasantrun.com.
