US: Ruby Group will develop and function a resort in downtown Chicago below a 30-year franchise settlement with IHG Lodges & Resorts.
The market debut of the Ruby model comes practically a yr after IHG acquired the boutique resort platform for €110.5 million in 2025. On the time, plans had been revealed to have the Ruby model “prepared for growth” within the US by the tip of that yr.
Now, housed within the former Inn of Chicago, Ruby will collaborate with Orange County-based Berk Properties to remodel the location into 22-storey Ruby resort. Plans name for 412 rooms, a reimagined foyer area, and a rooftop terrace and bar.
Jolyon Bulley, CEO for the Americas at IHG Lodges & Resorts, mentioned: “We’re extremely excited to deliver our first US Ruby Resort to Chicago, an iconic metropolis with a deep architectural and cultural legacy. This flagship signing underscores the model’s robust development potential and momentum in key areas throughout the Americas and world wide.”
Michael Struck, founder and CEO, Ruby Group, mentioned: “This undertaking marks a major milestone for Ruby Group and its worldwide development. In partnership with IHG and alongside skilled growth accomplice Berk Properties, we’re bringing Ruby’s design-led and environment friendly resort idea to the US marketplace for the primary time.
“Ruby Group’s working platform may also now be launching in North America, providing extraordinary working effectivity to traders with a novel working set-up that utilises each centralisation and automatisation to drive margins whereas decreasing working dangers,” Struck added.
IHG goals to develop Ruby Lodges to greater than 120 properties worldwide throughout the subsequent decade, and greater than 250 throughout the subsequent 20 years.
Highlights:
- Ruby Group has signed its first US property, positioned in downtown Chicago
- The resort will function below a long-term 30-year franchise settlement with IHG Lodges & Resorts
- It will likely be developed inside the former Inn of Chicago in partnership with Berk Properties
- Plans name for a 22-storey resort with 412 rooms, a redesigned foyer, and a rooftop terrace and bar
- IHG goals to develop the Ruby Lodges model to greater than 120 properties worldwide over the following decade and greater than 250 properties over the following 20 years
