The St. Charles, Ill., property has been in foreclosure since 2011, and was recently purchased by Saint Charles Resort, LLC, a collaborative group of hotel investors and operators. Hostmark Hospitality Group will manage the 473-room property and oversee a $5 million capital improvement project, which will include upgraded infrastructure and fresh looks for building exteriors, public spaces, guest rooms and baths.

The Pheasant Run Resort & Spa in St. Charles, Ill., which has been in foreclosure since 2011, was purchased by Saint Charles Resort, LLC, a collaborative group of hotel investors and operators who will acquire title upon confirmation of the sale in the underlying foreclosure action, the San Francisco-based Meetings Focus reported.

Hostmark Hospitality Group will manage the 473-room property and oversee a $5 million capital improvement project designed to rejuvenate the 250-acre resort founded by Edward McArdle in 1963. Terms of the deal have not been disclosed, Meetings Focus reported.

“This is an exceptional opportunity for our team to build upon the 50-year legacy of this property, revitalizing the resort’s impact on the surrounding community, its commerce, and employment opportunities,” said Jerome F. Cataldo, President and CEO of Hostmark Hospitality Group.

Positioned as the Midwest’s largest entertainment resort, Pheasant Run Resort & Spa attracts leisure, business and meeting clientele with its 18-hole golf course, Spa Vargas, two restaurants, two pool bars, a 320-seat theatre, three lounges, three pools, Zanies Comedy Club, a 38,000-sq. ft. expo center and 42 meeting rooms. The property offers a total of 100,000 sq. ft. of meeting space, Meetings Focus reported.

Located an hour west of Chicago, the property also features a new golf practice center with 50 grass hitting stations, putting and short game areas, and state-of-the-art instructional equipment, Meetings Focus reported.

Planned capital improvements will include upgraded infrastructure and fresh looks for building exteriors, public spaces and guest rooms and baths. Final decisions regarding the selection of a prominent, Chicago interior design firm will be made shortly according to Cataldo.