Hotel at the Grand Victoria Casino

The Grand Victoria Österreichisches online casino in Elgin, Illinois will soon be facing increased competition from a new gaming and hotel property in the suburban Chicago area.  In addition, the City of Elgin continues to promote economic development and revitalization initiatives within its downtown core.  These combined to be the major impetus behind a feasibility assessment for a proposed new hotel property in Elgin.  SAG was engaged by Grand Victoria to assess the market and financial potential for a hotel.  The study examined the possibility of developing the hotel under two scenarios: (i) a hotel located near the casino but owned by a third-party hotel company, or (ii) a hotel physically attached to the casino and owned by the Grand Victoria group.  The study found that the local hotel market could not support the kind of hotel property that would be consistent with the quality level enjoyed by the existing casino property.

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