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IHG and Ruby Group to Convert Inn of Chicago Into First U.S. Ruby Hotel

The conversion marks Ruby Hotels’ U.S. debut under a 30-year franchise with IHG.

Overview

  • Renovation of the late-1920s building is slated to begin in the second half of 2026, with opening targeted for 2027.
  • The 22-story project is planned to offer 412 rooms along with a redesigned lobby and bar, updated public spaces, and a rooftop terrace and bar with skyline views.
  • Ruby Group will lead development and operations under IHG’s brand framework, applying its centralized, automated operating model.
  • Berk Properties, led by David Davidson and Rajesh Masina, is the U.S. development partner on the conversion.
  • Financial terms, detailed renovation scope, and broader U.S. rollout plans were not disclosed.