Three Possible Downtown Joliet Hotel Projects
- Chandler Kowaliczko
- Jan 15, 2019
- 2 min read
As the frame of a new 10-story courthouse begins to transform the downtown Joliet skyline, discussions about a new hotel presence nearby have caused three parties to consider the venture. A new satellite Joliet Junior College campus, The Forge music venue and a newly renovated train station have all contributed to the demand for more lodging in the area.
Harrah’s Casino and Hotel
Currently, one of the only hotels in downtown Joliet is Harrah’s Casino and Hotel, which has remained at over 90% occupancy since its opening in November of 1999, according to a public disclosure statement. In the past, Harrah’s has considered developing a second hotel in the downtown area near the casino, but no further action has been taken.
John Bays
In December, John Bays of John Bays Investments purchased the Two Rialto Square building, located directly next to the Rialto Square Theatre. Bays has plans to convert the top half of the building into a hotel, leaving the bottom half as offices open for lease. Like other developers, Bays is concerned about what Harrah’s will decide to do before continuing the project plans. Nevertheless, Bays is hopeful that the new year will foster clarity and success. According to a Joliet Patch article, Bays mentioned that “It's going to be done and it's going to be nice. 2019 is going to be a big year for me.”
Mike Patel
The final prospect in bringing a second hotel to downtown Joliet is Mike Patel, the owner of the Best Western Plus hotel near the Louis Joliet Mall. Patel recently purchased the vacant Barrett’s Hardware storefront on Ottawa Street, and has plans to convert the building into a hotel. These plans include a two story addition, as well as extensive renovations of the interior due to a lack of occupancy in the building for decades.
Currently, the three parties are awaiting action from the other to avoid any saturation in the hospitality market. Although it is an exciting time for downtown Joliet, no party has expressed the need to follow suit on their business venture if another begins first.
Photo Credit: Courtesy of Chandler Kowaliczko, Two Rialto Square at 116 North Chicago Street, Joliet, IL
