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Purple Hotel Purchased, Redevelopment On Way

The Purple Hotel in Lincolnwood was purchased during an auction at the Westin Hotel in Chicago on Friday. The winning bidders are based out of Skokie and paid $8.3 million for the 8.5-acre property.

has a new owner that has plans to revive the hotel back to its glory days.

As of Friday, the Purple Hotel and surrounding property now belong to North Capital Group and Weiss Properties Inc., both of Skokie. The developers purchased the 8.5-acre property for $8.3 million during an auction at the Westin Hotel in Chicago last week.

The developers have said in the past that they want to turn the property into a mixed-use development, which would include commercial shopping, a banquet hall and possible gut rehab for the interior of the hotel.

Weiss Properties is working with architect Jackie Koo. The Lincolnwood Review reported that Koo’s most popular and recognizable design is the Wit Hotel in Chicago.

“We are very pleased that the village has committed to working with us to bring our vision for the site to fruition,” said Jake Weiss of Weiss Properties. “We feel we wanted to accommodate the village to make sure this process happened.”

Read more: See our previous coverage of the Purple Hotel – including a tour of the inside – here.

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