DRURY INN AND SUITES BEGINS CONSTRUCTION AT STREETS OF ST. CHARLES

DRURY INN AND SUITES BEGINS
CONSTRUCTION AT STREETS OF ST. CHARLES

(Peoria, IL, March 15, 2016) – Cullinan Properties has announced the upcoming construction of a new 7-story, 180-room Drury Inn and Suites hotel which will be joining the Streets of St Charles at the north end of the center along I-70 at South Fifth Street. In addition to the hotel, a second parking deck will be added to the mixed-use project which will feature 300+ spaces and will provide hotel guests convenient covered parking access directly connected to the lower level hotel entrance. Construction of the parking deck is already underway, and the groundbreaking for the hotel is scheduled for early April, with an anticipated opening of both the hotel and parking deck in the summer 2017.

Drury currently owns 20 hotels in the greater St. Louis metropolitan area. The Drury Inn and Suites at Streets of St. Charles will feature King and Queen guest rooms, as well as deluxe, two-room suites which include a bedroom separated by a door from the living area. The hotel will offer guests a wide variety of amenities, including meeting spaces, a unique indoor/outdoor pool, as well as free Wi-Fi, hot breakfast, and evening drink and snacks. The design will be modeled after the recently opened Brentwood location and will feature quality finishes both inside and out, including stone, glass and metal exterior finishes.

“When developing our master plan for Streets of St. Charles, we recognized the need for a quality hotel to complement the property, where business people could feel at home, and families who visit the area could be comfortable as well,” said Christopher M. West, Cullinan Properties Partner and Chief Operating Officer. “Drury Inn and Suites was the perfect partner to bring this vision to reality. Their hotel, coupled with the great variety of dining, shopping and entertainment we offer at Streets of St. Charles, make it a choice destination for guests both wanting to stay local as well as those visiting from outside the region.”

“We look forward to expanding with a new St. Louis area hotel at the Streets of St. Charles,” said Chuck Drury, President and CEO of Drury Hotels. “My family started our Missouri-based company in 1973 with the goal of providing our guests with clean rooms, friendly service and honest value. We are honored to provide those same things to visitors of St. Charles.”

Drury Inn and Suites is the latest of several new tenants to be announced at Streets of St. Charles including Orangetheory Fitness, PF Changs, Firebirds Wood Fired Grill and Noodles & Co. which are all currently under construction and scheduled to open this summer.

St. Charles Mayor Sally Faith recently commented that the new hotel provides many benefits to the region. “Streets of St. Charles has proven to be one of the most successful developments in the region, and Drury’s decision further demonstrated that,” said Faith. “St. Charles is proud to be the home of Streets of St. Charles, and we’re equally proud of our strong partnership with the Cullinan Properties team.”

About Drury Hotels Company Drury Hotels

Company is a Missouri-based, family-owned and operated hotel system with more than 130 hotels in 21 states. Founded in 1973, Drury Hotels has been recognized by the J.D. Power 2015 North America Hotel Guest Satisfaction Index StudySM with the award for “Highest in Guest Satisfaction among Upper Midscale Hotel Chains”, Ten Years in a Row.* Brands include Drury Inn & Suites®, Drury Inn®, Drury Plaza Hotel®, Drury Suites®, Pear Tree Inn by Drury®, as well as other hotels in the mid-priced hotel segment. Drury Hotels continues to provide exceptional value for business and leisure travelers with its many free amenities - The Extras Aren’t Extra®. For more information, visit www.druryhotels.com or call 1-800-DRURYINN. Join the conversation on Twitter @druryhotels or on Facebook.

About the Streets of St. Charles
The Streets of St. Charles is a distinctive 27 acre mixed-use community with retail, dining, entertainment, hospitality, residential and office components. With a town center design that creates a neighborhood atmosphere, the Streets of St. Charles is unique in the market and includes all the latest amenities for sophisticated living, casual and elegant dining, retail, modern offices, and entertainment. For more information on Streets of St. Charles, visit www.streetsofstcharles.com.

About Cullinan Properties. Ltd
Cullinan Properties, Ltd., with offices in Chicago, IL, Peoria, IL and St. Louis, MO, is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, residential, office and medical properties throughout the United States. For additional information on Cullinan Properties, Ltd., visit www.cullinanproperties.com.