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Chicago Hospitality Numbers to Know

  • 11.9M: Hotel room nights Chicago filled in 2025, up more than 2% and closing in on the 2019 record (Choose Chicago)

  • 5: Downtown hotels added since 2023, with the 500-room Bally's Chicago the only one currently under construction (HVS, CoStar)

  • 5.6%: Chicago RevPAR growth in Q1 2026 across Pebblebrook Hotel Trust's portfolio (Pebblebrook)

Speakers and Panels

The Next Frontier: Why Hospitality Investment Keeps Moving Beyond Downtown

Why Wicker Park, River North, and the West Loop are pulling hotel and restaurant investment away from downtown

Alex Dyer
Runs Construction Ops For LG Group

Alex Dyer

President of Operations

LG Group

Rick Fawell
Leads Gensler's North Central Hospitality Practice

Rick Fawell

Senior Project Director

Gensler

Scott Henry
Leading The $89M Hotel Florence Restoration In Pullman

Scott Henry

Principal and CEO

Celadon Partners

Molly Phelan
Saved Clients Millions In Tax Liability

Molly Phelan

Partner

Siegel Jennings

Sam Goodman
Grows Marriott Select Brands In IL And WI

Sam Goodman

Senior Director, Lodging Development, Marriott Select Brands

Marriott International

Rick Fawell

Leads Gensler's North Central Hospitality Practice

Gensler

With more than 40 years of experience designing, planning, and managing a variety of project types, Rick has built a strong rapport as a trusted partner to developers, operators, and brands throughout the hospitality industry. He represents the firm as a Hospitality Leader for the North Central region, based in Gensler’s Chicago office. In his role as a Senior Project Director, Rick leverages his deep expertise and experience, both locally and across numerous national and international markets, serving as a dependable guide to clients on complex projects, from early-stage financing and planning to design and delivery phases.

Rick’s global professional experience spans from the U.S. to Finland, France, and China, where he opened and managed two offices in Beijing and Shanghai previous to joining Gensler. His design work has been recognized with national and international awards from the AIA, FIABCI, ULI, BD&C, ALA, USITT (Theater), SAFA (Finnish Architects), as well as organizations in South America and China.

Scott Henry

Leading The $89M Hotel Florence Restoration In Pullman

Celadon Partners

Celadon Partners, LLC (“Celadon”)

Celadon Partners was formed in 2020 as a joint venture between Scott Henry and Aron Weisner for the development of affordable housing. The entity evolved from Celadon Holdings, LLC, a company previously founded and operated by Mr. Henry, a former executive from JPMorgan Chase’s LIHTC investment group, since 2008. Based in Chicago, the company is active as a developer in multiple markets throughout the United States.

The team brings significant affordable housing development and finance experience based on experience from a diverse set of backgrounds. The firm has completed affordable housing redevelopments in seven states totaling over 1,600 units.

Overview of Project Experience & Approach

The color “celadon” that combines the balance of blue’s essence of tranquility and serenity with green’s essence of growth and renewal. To us, this balance symbolizes our commitment to an environmentally sensitive approach to our work to create healthy, efficient, and affordable communities.

The end goal for all of Celadon’s properties, whether they are newly constructed or redeveloped, is to be the preferred place to live in the market during the entire investment horizon and beyond. We prioritize building healthy, energy-efficient, and service-enriched living environments for our residents and the communities we work in. This requires us to carefully select the best locations and provide an attractive amenities/services and quality environment that meets the needs of the community in which it is based. We prioritize property management and are active owners to assure partners and investors that the asset will be well-maintained, while also being attentive to the needs of our resident population.

Our core principles are:

Reliability: Celadon Partners is proud of our commitment to deliver on promises by playing our role in meeting the housing needs of community residents throughout the construction and management periods.

Creativity: Celadon uses open-minded and innovative thinking and close collaboration with community and public and private partners to find solutions to development challenges where others are unable.

Experience: We have the experience to develop projects of significant scale and complexity having completed numerous affordable housing developments, building trust with our partners through transparency and collaboration, successfully utilizing tax credits and other financial products, and being a pre-qualified developer of choice for many municipal programs.

Molly Phelan

Saved Clients Millions In Tax Liability

Siegel Jennings

Molly is a partner in the Chicago Office of Siegel Jennings, a national property tax law firm. As a litigator and trusted advisor, she collaborates with Owners, Asset Managers, Acquisition teams and Tax Departments to identify, create and execute property tax reduction strategies. She becomes a member of her clients’ management team. Her goal is to maximize and protect the full potential of real estate assets, minimize related tax liabilities, and resolve disputes with tax authorities and government entities.

Molly’s client experience ranges from family owned 1031 portfolios to national commercial investment funds, including special use properties such as hospital campuses to multi-million-dollar manufacturing facilities.

Her comprehensive understanding of the commercial real estate market was developed in part through her time as a real estate broker in the Chicago area prior to starting her legal career. Molly regularly represents clients in hearings before review boards, local assessors’ offices, the

Illinois Property Tax Appeal Board, and the circuit courts.

Downtown Destinations: Hotel Development and Hospitality Design Today

The latest trends, the project pipelines, and the construction strategies defining what gets built and how

Nathan Wilson
Expanding Hyatt's Regional Hotel Pipeline

Nathan Wilson

Regional Vice President, Development - Midwest

Hyatt

Justin Snyder
Growing BWH's 4,300-Hotel Network In 7 States

Justin Snyder

Regional Director, North American Development

BWH Hotels

Vijesh Patel
Leads IHG Luxury & Lifestyle Growth In The Midwest

Vijesh Patel

Director of Development

IHG Hotels & Resorts

Jeff Sauline
Named Leopardo's VP Of Hospitality In 2025

Jeff Sauline

VP of Hospitality

Leopardo Construction

Lula Cassidy
Leads Design Environments' Hospitality Practice

Lula Cassidy

EVP, Hospitality Markets

Design Environments

Lula Cassidy

Leads Design Environments' Hospitality Practice

Design Environments

Lula S. Cassidy is a nationally recognized hospitality strategist, revenue architect, and executive leader redefining how design, procurement, and commercial performance intersect in modern hospitality. As Executive Vice President of Hospitality Markets at Design Environments, Lula leads strategic growth across hotel brands, industry associations, lodging communities, ownership groups, and management companiestransforming physical spaces into high-performing revenue assets.

 With a career spanning hundreds of hotel openings, renovations, and repositioning projects, Lula is known for bridging the gap between design execution and revenue optimization. By aligning FF&E, procurement, and design with measurable business outcomes, Lula has elevated the role of design firms from aesthetic contributors to essential drivers of asset value, operational efficiency, and long-term profitability.


A recognized industry voice and speaker at major hospitality events, including
AAHOACON and brand national conferences, Lula brings thought leadership to topics such as revenue-driven design, procurement innovation, and the future of hotel performance. Lula is also an early adopter and advocate of AI-powered revenue marketing, leveraging emerging technologies to enhance demand generation, pricing strategy, and guest acquisition for hotel owners and operators.


 Prior to joining Design Environments, Lula built a reputation as a results-driven leader working alongside top hotel brands, management companies, and ownership groups in key U.S. markets including Chicago, Dallas, Atlanta, New York City, San Francisco, and Detroit. As a former board leader within Illinois State tourism and art & cultural organizations, Lula brings local ties, deep industry relationships and a forward-looking perspective on travel behavior, market demand, and emerging technologies.

Check in to the city's leading hotel developments

Chicago's hotel sector heads into 2027 with real momentum. Hotels filled nearly 11.9 million room nights in 2025, within reach of the city's all-time record, while only five hotels have opened downtown since 2023 and just one is under construction. This December, Bisnow brings together the brands, owners, designers, builders, and advisors shaping what's next, from Marriott, Hyatt, IHG, and BWH Hotels to Gensler, Leopardo, Design Environments, and Siegel Jennings, for a look at where new hotels, conversions, and renovations are headed across the city.

What We'll Cover:

  • Brand Development: Where Marriott, Hyatt, IHG, and BWH Hotels see the next Chicago deals, from new builds to conversions and reflagging existing hotels.

  • Tourism & Market Performance: How near-record room nights, convention demand, and a thin downtown pipeline are shaping occupancy and rate heading into 2027.

  • Investment & Ownership: How owners and developers are underwriting acquisitions, new builds, and repositionings in a complex rate environment.

  • Property Taxes & Valuation: How hotel owners are managing assessments and appeals as values reset across the city.

  • Design & Guest Experience: Designing for local identity, wellness, and F&B that converts, and what today's experience-driven traveler expects from a room.

  • Construction & Renovation: How builders and hotel teams are delivering renovations and brand-required upgrades on budget while keeping hotels open.

Questions about your ticket purchase or interested in sponsoring? 

Reach out to customerservice@bisnow.com for customer support. For questions, recommendations, comments or press inquiries please email Will Follett at will.follett@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days prior to the event.

Venue

The Allegro Royal Sonesta Hotel Chicago Loop
171 W Randolph St
Chicago, IL 60601

Ballroom: Walnut, Lobby Level

Parking Information: 
$35 Valet Parking

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Agenda

Time Activity
8:00 AM
9:00 AM
Opening Networking
9:00 AM
9:45 AM
The Next Frontier: Why Hospitality Investment Keeps Moving Beyond Downtown

Why Wicker Park, River North, and the West Loop are pulling hotel and restaurant investment away from downtown

9:45 AM
10:30 AM
Room to Grow: How Rising Travel Demand Is Reshaping Chicago's Hotel Operations

What's fueling efficiencies, and how leaders are responding to an influx of new business

10:30 AM
11:15 AM
Downtown Destinations: Hotel Development and Hospitality Design Today

The latest trends, the project pipelines, and the construction strategies defining what gets built and how

11:15 AM
11:30 AM
Closing Networking

Tickets

General Admission

$140.00 /ticket

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