From Resort – To A Resort Community

In 2016, after years of financial losses, the golf course and conference center at Indian Lakes were permanently closed to prevent the failure of the overall complex. After securing a new franchise agreement to bring a Doubletree By Hilton® to Bloomingdale, it is appropriate to begin the community conversation about what’s next for the rest of the property. The proposed Four Seasons at Indian Lakes will transform the property from a golf resort, to a resort-at-home neighborhood offering residents an active lifestyle in a scenic and social environment.

Suburban Golf Resort: An Obsolete Concept

In the 1960’s a large residential developer built a golf course in Bloomingdale to hold the land for future building.  After running into financial difficulty, the course was sold to the hospitality division of a major retailer, and the conference center and banquet space were added. By the 1980’s, Indian Lakes became a full-service, independent golf resort. To better compete against locations in warm weather and exotic destinations, millions were invested to convert the property to a Hilton in 2007. The concept of a full-service golf resort in suburban Chicago is out of favor in the travel industry. 

The Reality of the Resort

Since becoming a full-service resort Indian Lakes had a troubled financial history. The property was twice placed in foreclosure. After rescuing the property in 2000, the current owners made a substantial investment to operate the resort as a Hilton for 10 years. This investment, while well intended, did not improve the property’s performance. The high costs of operating the golf course and conference center were endangering the viability of the entire 223-acre property. The course was losing approximately $1 million a year. Given these financial realities, no upscale resort brand was interested in a licensing agreement in Bloomingdale. Closing the golf course and conference center was the only viable path to a new hotel franchise agreement. Over the past decade, more than 800 golf courses have closed across the country. Closed courses have created blight, uncertainty, financial and safety challenges for communities.

Our Commitment To Bloomingdale

“When it became necessary to close the golf course at Indian lakes, we committed to finding a new use that would retain property value, preserve the character of the neighborhood and provide the community with substantial economic benefit,” said Stephen Schwartz, Manager of First ILR, LLC owners of Indian Lakes. “It’s fitting that after more than a half century, Indian Lakes’ future is a resort-at-home neighborhood, where residents can live an active lifestyle rather than just visit for a round of golf or stay the weekend.”

A New Beginning

To prevent the course from sitting vacant for an extended period of time, the owners have been working to find a new compatible use. The proposed Four Seasons at Indian Lakes is an age-restricted community that offers its residents an active, resort-at-home lifestyle.

Four Seasons will offer residents ranch-style floor plans that are needed in Bloomingdale and DuPage County. The combination of a lusciously landscaped environment, clubhouse offering numerous social activities and maintenance-free living, provides an amenity rich, active lifestyle for residents 55 and older. This type of housing option is needed to address changing demographic trends in the region. The new neighborhood will generate substantial economic and tax benefits for the community.

A Transformed Hotel for a New Era

A year ago, the golf course was threatening the existence of the hotel at Indian Lakes, local jobs, and approximately $400,000 in annual hotel tax revenue. Officials just announced an agreement to invest $5.1 million to transform the property into a Doubletree By Hilton®, saving the hotel, tax revenue, 110 jobs, and a local community amenity.

Learn More

Since unveiling the concept plan with neighbors, we have received thoughtful feedback and made refinements. Over the past few months, the project team has been finalizing the substantial documentation and diligence required to support a project of this complexity. We’re now ready to begin discussions with the Village. Before the formal process begins, we will be sharing updates and information with the community through this website.