What is the latest status of the project “Skokie Hotel Development”?

The status recorded for “Skokie Hotel Development” is Under Construction.

What is the budget and commercial profile for the project “Skokie Hotel Development”?

Taiyo normalizes the budget of “Skokie Hotel Development” to USD 23700000.

Where can I verify the source and access all details for “Skokie Hotel Development”?

This Taiyo project page references The Real Deal along with the original URL (https://therealdeal.com/chicago/2025/03/06/skokie-developer-em-hit-with-24m-hotel-site-foreclosure/). Taiyo standardizes official data into a consistent, searchable project profile.

Skokie Hotel Development

Sector: Commercial • Location: Skokie, Illinois, United States

Source: The Real Deal

Project

Under Construction

E&M Strategic Development is facing a foreclosure lawsuit over its $23.7 million construction loan for a hotel project in Skokie. The project, which broke ground in 2022, aims to build a mixed-use building featuring a Homewood Suites by Hilton Hotel and Conference Center, but has encountered multiple setbacks including budget shortfalls and ongoing litigation.

Status: Under Construction
Sector: Commercial, Hotel, Road
Location: Skokie, Illinois, United States of America
Updated: 22 Jul 2026
Source: The Real Deal

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Project Information

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The project “Skokie Hotel Development” is an infrastructure initiative in the Commercial sector, located in Skokie, Illinois, United States. Taiyo aggregates data on it from The Real Deal.

Participants

Not available for this record.

Status

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	E&M Strategic Development is facing a foreclosure lawsuit over its $23.7 million construction loan for a hotel project in Skokie. The project, which broke ground in 2022, aims to build a mixed-use building featuring a Homewood Suites by Hilton Hotel and Conference Center, but has encountered multiple setbacks including budget shortfalls and ongoing litigation.
Original sector	Development
Budget

Location

Country	United States of America (USA)
State	Illinois
City	Skokie

Source

Source	The Real Deal
URL

More Details

Record type	Project
Sector	Commercial, Hotel, Road
Article published date	2025-03-09

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