ST. CHARLES – It appears that the financially-strapped Pheasant Run Resort will be laying off the rest of its staff starting next month.
The city had previously received a letter from Hostmark Hospitality Group about Pheasant Run's proposal to restructure, which included a plan to lay off 149 of the resort's approximately 190 employees by mid-January. Pheasant Run now plans to lay off an additional 42 employees starting Feb. 29.
In addition, an online auction to sell the 293-room resort has been pushed back. The auction, which was originally set to take place Jan. 27-29, is now set for Feb. 10-12, according to the website ten-x.com. Bidding starts at $2 million.
On its Facebook page, Pheasant Run has stated that it plans to remain open.
"We are moving to a limited service model," Pheasant Run stated. "We do not have plans to close at this time."
The Zanies Comedy Club at Pheasant Run Resort has closed.
Colliers International real estate services and investment management company had previously listed Pheasant Run as being for sale on its website. During the recession in 2011, the 293-room resort at 4051 E. Main St. went into foreclosure. A hotel investors group in 2014 bought Pheasant Run, which since then has been managed by Schaumburg-based Hostmark Hospitality Group.
Hostmark was required to notify the city of the pending layoffs as part of the Illinois Worker Adjustment and Retraining Notification Act, which requires employers with 75 or more full-time employees to give workers and state and local government officials 60 days advance notice of a plant closing or mass layoff.
Edward McArdle opened Pheasant Run Resort in February 1963 on land that was previously a dairy farm owned by Colonel Edward Baker.