Room 1520
Room 1520 is an owner-operated private event venue in Chicago's West Loop offering a 4,000 sq ft main loft for up to 150 guests and a smaller in-house space called The Justine for up to 60 guests, serving primarily wedding couples with secondary corporate and private event clients through venue rental and bundled packages.
- Company typePrivate
- Founded2009
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Room 1520 does
Room 1520 is an owner-operated private event venue located at 1520 W Fulton in Chicago's West Loop neighborhood. The business operates a single physical site consisting of the main 4,000 square foot Room 1520 loft, which accommodates up to 150 seated guests across two levels connected by a handcrafted staircase, and a smaller in-house sub-brand called The Justine, which hosts intimate events for up to 60 guests. The core product is venue rental, supported by included amenities such as tables, chairs, A/V equipment, LED up-lighting, Italian crystal chandeliers, a white marble vintage bar, a private VIP suite, and an on-site venue supervisor. The company holds a full liquor license and prohibits outside alcohol, while requiring events to use pre-screened exclusive caterers.
Room 1520 generates revenue primarily through one-time event rental fees, with 2025 disclosed pricing of $5,500 for Friday, $6,500 for Saturday, and $5,000 for Sunday, plus bar packages and a $18,000 'All-In Package' that bundles venue, open bar, DJ, photo booth, and day-of coordination. Off-peak discounts of 25% apply for weekend events December through March, and complimentary Monday-Thursday rentals are offered for non-profit fundraisers. Ancillary revenue comes from bar service extensions ($15 per person per additional hour) and a 20% gratuity on bar packages. No credit card or administrative fees are charged.
The go-to-market model is direct-to-consumer, with discovery driven primarily by listings on The Knot, WeddingWire, and Yelp, supplemented by a content-rich website with self-service tour scheduling, phone inquiries, and an email newsletter. The primary customer segment is wedding couples, with secondary demand from corporate event buyers and private special occasion hosts. Preferred-vendor partnerships with Cage and Aquarium, Grin and Bear, Reverie & Co Events, and an exclusive caterer roster provide a curated service ecosystem. The company is recognized as 'Best Place to Get Married in Chicago' and has been active in the local hospitality market for over 20 years.
Room 1520 firmographics
Firmographics- Name
- Room 1520
- Legal name
- Room 1520
- Website
- https://room1520.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Room 1520 is an owner-operated private event venue in Chicago's West Loop offering a 4,000 sq ft main loft for up to 150 guests and a smaller in-house space called The Justine for up to 60 guests, serving primarily wedding couples with secondary corporate and private event clients through venue rental and bundled packages.
- Ownership category
- akta.pro rank
Room 1520 industry classification
Industry- Product category
- Event Venue Services
- NAICS
- Traveler Accommodation (7211)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Hotel & Resort Convention Venues (Convention Hotels) (THAHAAAC)
- akta.pro secondary industry
- Venue & Banquet Hall Catering (THAFAIAC)
Keywords
Where Room 1520 is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Room 1520 business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Venue Rental: Primary revenue from renting the venue space for weddings, corporate events, and special occasions. Pricing varies by day of week (Friday, Saturday, Sunday) with seasonal discounts for off-peak months (December-March).
- All-Inclusive Wedding Package: Bundled package offering venue rental plus bar service, DJ, photo booth, and day-of coordination for $18,000 total including taxes. Represents premium upsell opportunity.
- Bar Packages: Top shelf bar packages offered directly with in-house bartenders. 20% gratuity added to all bar packages. Extension available at $15 per person for additional hour.
- Non-Profit Venue Donation: Complimentary venue rentals offered Monday-Thursday for non-profit fundraising events, creating goodwill and community relationships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Friday venue rental |
| One time/ perpetual license | Multi-year contract | Saturday venue rental (premium day) |
| One time/ perpetual license | Multi-year contract | Sunday venue rental |
| Other | Multi-year contract | Off-season discount |
| One time/ perpetual license | Multi-year contract | All-In Package |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Room 1520 product offering
Product offeringCore offering
Room 1520 operates a 4,000 square foot luxurious loft event venue in Chicago's West Loop, hosting weddings, corporate events, and private special occasions for up to 150 seated guests. The venue includes a secondary 60-guest intimate space called The Justine and offers an All-In Package bundling venue rental with bar service, DJ, photo booth, and day-of coordination for $18,000.
Product overview
Room 1520 operates as a single-site event venue offering two distinct spaces: the main 4,000 sq ft Room 1520 loft venue for larger events (up to 150 guests) and The Justine, a more intimate 60-guest space housed within the main venue for smaller gatherings. The company also offers an optional "All In" wedding package that bundles venue rental with bar services, DJ, photo booth, and day-of coordination as a single comprehensive offering. The product portfolio centers on hosting weddings, corporate events, and special occasions in a luxurious urban loft setting in Chicago's West Loop.
Differentiator
Problem solved
Functional benefit
Brands
- The Justine: A smaller intimate event space inside Room 1520, suitable for rehearsal dinners, engagement parties, small cocktail style weddings, birthday parties, showers, and business gatherings. Holds up to 60 guests.
Products and services
- Room 1520 Main Venue The main 4,000 sq ft luxurious loft venue in Chicago's West Loop with 17' and 11' ceilings, accommodating up to 150 guests for seated receptions with a dance floor. Features include a white marble vintage bar, customizable draping, LED up-lighting, Italian crystal chandeliers, a handcrafted artisan staircase connecting two levels, and a 650 sq ft private VIP suite with private entrance and restroom. Available for weddings, corporate events, and special occasions with day-of-week pricing.
- The Justine A smaller intimate event space tucked inside Room 1520, holding up to 60 guests. Designed for rehearsal dinners, engagement parties, small cocktail-style weddings, birthday parties, showers, and business gatherings. Features include a fully stocked bar, custom velvet furniture, vaulted ceilings with crystal chandeliers, and a built-in white marble vintage bar. Provides an elegant private club atmosphere for life's milestone celebrations.
- All In Package An exclusive bundled wedding package priced at $18,000 including taxes. Includes venue rental, 4 hours of unlimited open bar with bartenders and 2 signature cocktails, 1 hour table-side wine service during dinner, ceremony and reception DJ services from Cage and Aquarium, 3-hour photo booth from Grin and Bear, and day-of coordination from Reverie & Co Events. No credit card or admin fees charged.
- Top Shelf Bar Packages Top shelf bar packages offered directly with in-house bartenders. 20% gratuity is added to all bar packages. Extension available at $15 per person for additional hour beyond the standard service period. Available exclusively at Room 1520 events with no outside alcohol permitted.
Quantifiable outcome
- Seated reception capacity: 150 guests with dance floor
- +2 more outcomes
Companies that use Room 1520
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Room 1520 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Room 1520 partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Cage and AquariumcorePreferred DJ services provider for Room 1520 weddings and events. Included in the All-In Package offering. Vendor knows the venue acoustics and setup requirements.
- Grin and BearcorePreferred photo booth vendor for events. Included in the All-In Package offering.
- Reverie & Co EventscoreDay-of coordination services provider. Included in the All-In Package, ensuring seamless event execution.
- Exclusive CatererscorePre-screened catering partners required for events. All have executed events successfully in the space and know how to work within Room 1520. Venue is open to outside catering suggestions.
- Preferred Vendors (DJs, Florists)minorNon-exclusive list of recommended DJs and florists based on past excellent execution. Clients may bring their own preferred vendors.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Room 1520 competitors and assessment
Company assessmentDirect peers
- Stan Mansion: Chicago historic mansion event venue in Logan Square hosting weddings and private events. Direct peer — competes for the same premium Chicago wedding market with comparable pricing tier and capacity, though differentiated by historic mansion aesthetic versus Room 1520's urban loft style.
- Morgan Manufacturing: Chicago industrial-chic event venue in the West Loop/Fulton Market district hosting weddings and corporate events. Direct peer — operates in the same neighborhood with a comparable loft aesthetic, similar capacity range, and the same premium urban wedding and corporate customer base.
- Galleria Marchetti: Chicago event venue in the Fulton Market/West Loop area specializing in weddings and corporate events with Italian-inspired spaces. Direct peer — same neighborhood, similar urban venue aesthetic, comparable capacity, and same target market of upscale Chicago weddings and corporate gatherings.
Broad incumbents
- The Peninsula Chicago: Luxury Chicago hotel on the Magnificent Mile with extensive event and wedding spaces including grand ballrooms. Broad incumbent — overlaps in upscale wedding and corporate event hosting as part of a luxury hotel portfolio, competing for the same premium Chicago clientele but with integrated lodging.
- Park Hyatt Chicago: Luxury Chicago hotel on the Magnificent Mile with upscale event spaces for weddings and corporate functions. Broad incumbent — competes for premium Chicago weddings and corporate events as part of a luxury hospitality portfolio with integrated lodging and broader amenities than a standalone venue.
- The Drake Hotel: Iconic Chicago luxury hotel on the Gold Coast with extensive event and wedding spaces including ballrooms. Broad incumbent — overlaps significantly in premium Chicago wedding and corporate event hosting but operates at much larger scale and integrates lodging, which Room 1520 does not.
- Hilton Chicago: Major downtown Chicago hotel with extensive conference and event facilities including the Grand Ballroom. Broad incumbent — overlaps significantly in large-scale corporate events and weddings but operates at much larger scale and integrates lodging, serving as a competing venue for events requiring lodging blocks.
- The Gwen Hotel: Luxury Chicago hotel (a Tribute Portfolio property) on the Magnificent Mile with upscale event spaces including a rooftop terrace for weddings and corporate events. Broad incumbent — overlapping event hosting capabilities with the same premium Chicago positioning but with lodging and food service integration that Room 1520 lacks.
Market position
Strengths2 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Room 1520 social profiles
Digital presenceRoom 1520 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Room 1520 leadership team
Management profileNumber of profiles
Room 1520 subsidiaries and ownership
Company hierarchySubsidiaries1 record
Room 1520 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Room 1520 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Room 1520
What does Room 1520 do?
Room 1520 operates a 4,000 square foot luxurious loft event venue in Chicago's West Loop, hosting weddings, corporate events, and private special occasions for up to 150 seated guests. The venue includes a secondary 60-guest intimate space called The Justine and offers an All-In Package bundling venue rental with bar service, DJ, photo booth, and day-of coordination for $18,000.
Is Room 1520 a public or private company?
Room 1520 is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Room 1520 founded?
Room 1520 was founded in 2009. It employs 1 to 10 people.
Where is Room 1520 based?
Room 1520 is headquartered in Chicago, United States, in the North America region.
How does Room 1520 make money?
Four revenue lines are on record. Venue Rental is the primary driver. The others are all-Inclusive Wedding Package, bar Packages and non-Profit Venue Donation.
Who are Room 1520's main competitors?
Direct peers on record are Stan Mansion, Morgan Manufacturing and Galleria Marchetti. Broad incumbents are The Peninsula Chicago, Park Hyatt Chicago, The Drake Hotel, Hilton Chicago and The Gwen Hotel.
Does Room 1520 have an API?
No public API is recorded for Room 1520.
What industry is Room 1520 in?
Room 1520's product category is Event Venue Services. Its primary akta.pro industry code is THAHAAAC, Hotel & Resort Convention Venues (Convention Hotels), with a secondary code of THAFAIAC, Venue & Banquet Hall Catering. Its NAICS code is 7211 and its SIC code is 7000.