Bays Investment Corporation

What Bays Investment Corporation does

Bays Investment Corporation is a privately owned, family-controlled real estate management company headquartered at 3077 W. Jefferson Street, Suite 100, Joliet, Illinois. The company operates a diversified portfolio of 16 properties across three asset classes: commercial office, residential apartments, and full-service hospitality. Commercial holdings are concentrated in the Joliet, IL downtown and surrounding market and include assets such as the Larkin Professional Centre (30,000 SF), Glenwood Professional, Twin Oaks Place (40,348 SF), Bays Professional Centre (58,500 SF), Pioneer Building (45,264 SF), Executive Centre (57,856 SF), Bays Rialto Building (64,081 SF), 201-203 N. Ottawa, Bays Premier Building, and the mixed-use Bays Tower. Residential assets include the fully renovated 12-story Bays Tower apartments (studios from $1,250/month to two-bedrooms from $1,550/month) and Bays Rialto Apartments. The hospitality segment is anchored by the 162-room Tundra Lodge Resort and Conference Center in Green Bay, Wisconsin, featuring a 30,000 SF indoor waterpark and over 20,000 SF of meeting space less than one mile from Lambeau Field.

The business model is asset ownership and direct leasing: revenue is generated through recurring monthly commercial and residential rents, hotel room revenue, food and beverage, waterpark admissions, and meeting space rentals, with full-service gross lease structures available for office tenants that bundle real estate taxes, utilities, and operating expenses. The company markets its commercial availability through its own website and LoopNet listings, accepts direct inquiries, and offers free relocation services between buildings. Under the leadership of Owner & President John V. Bays and Senior Vice President & Property Manager Jessica Bays, with Ashley Gonzalez managing Bays Tower, the company emphasizes an owner-operated model with direct principal access for tenants. The company is privately held with no disclosed external shareholders, no parent company, no funding rounds, and no public listing; it is domiciled under Illinois law.

The underlying technology stack is standard property management operations, with no disclosed AI/ML, proprietary platform, API, or app. Distribution is regional and direct (Illinois and Wisconsin), with a small staff of 11-50 employees. Historical capital allocation has included multiple hotel acquisitions and profitable divestitures (e.g., Radisson Northbrook sold for $15.25M with $11M+ profit, Wyndham Glenview sold for $12M+ profit), demonstrating opportunistic value-creation capability, while the active operating portfolio reflects a long-term hold strategy centered on Joliet commercial real estate and the Green Bay hospitality asset.

Name

Bays Investment Corporation

Legal name

Bays Investment Corporation

Website

https://baysinvestmentcorp.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Bays Investment Corporation is a privately owned, family-controlled real estate management company headquartered in Joliet, Illinois, operating a portfolio of commercial office buildings, residential apartments, and the Tundra Lodge Resort and Conference Center in Green Bay, Wisconsin.

Ownership category

akta.pro rank

Headquarters

HQ city

Joliet

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Revenue generated from leasing office and commercial spaces across multiple properties in Joliet, IL. Properties include professional office buildings, retail spaces, and mixed-use facilities. Rental income from various lease terms ranging from 3-5 years typically.
2. Residential Leasing: Revenue from apartment rentals including Bays Tower apartments and Bays Rialto Apartments. Properties offer studio, one-bedroom, and two-bedroom units with monthly rental rates.
3. Hotel Operations: Tundra Lodge Resort and Conference Center generates revenue from hotel rooms, meeting space rentals, food and beverage services, and waterpark admissions. The 162-guestroom full-service hotel includes restaurant, meeting facilities, and indoor waterpark.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Bays Investment Corporation is a privately owned real estate management company that owns, operates, and leases a portfolio of commercial office buildings, residential apartment communities, and a resort hotel. The company directly leases office and medical space across roughly a dozen properties in Joliet, Illinois, offers furnished residential apartments in two downtown Joliet buildings, and operates the 162-room Tundra Lodge Resort and Conference Center in Green Bay, Wisconsin with an indoor waterpark and conference facilities.

Product overview

Bays Investment Corporation is a privately owned real estate management company operating a diversified portfolio of commercial and residential properties in Joliet, Illinois, and surrounding areas. The company offers commercial office space leasing through multiple properties including Larkin Professional Centre, Glenwood Professional, Twin Oaks Place, Bays Professional Centre, Executive Centre, Pioneer Building, Bays Premier Building, Bays 1418 Jefferson, Bays Rialto Building, 201-203 N. Ottawa, Bays Tower Commercial Space, and Bays Ventures. Residential offerings include Bays Tower Apartments and Bays Rialto Apartments. The company also operates the Tundra Lodge Resort and Conference Center hotel in Green Bay, Wisconsin, and maintains investment properties such as the Motor Mat Car Wash. All properties are personally owned, operated, and managed by the company, which handles leasing, renovation, and relocation services for tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Tundra Lodge Resort and Conference Center 162-guestroom full-service log cabin style hotel resort in Green Bay, Wisconsin, featuring a 30,000 SF indoor waterpark, over 20,000 SF of flexible meeting space, full-service restaurant, on-site gift shop, arcade, and candy store. Located less than one mile from Lambeau Field. Targets business travelers, corporate groups, families, and leisure tourists.
• Bays Tower Apartments 12-story fully renovated apartment community in downtown Joliet offering furnished studio, one-bedroom, and two-bedroom apartments with luxury vinyl plank floors, granite countertops, stainless steel appliances, fitness center, dog park, EV charging stations, rentable event rooms, and on-site café/coffee shop. Studios starting at $1,250/month.
• Bays Rialto Apartments Furnished one-bedroom apartments in downtown Joliet with walking distance access to Metra Train Station, Harrah's Casino, Courthouse, and restaurants. Includes two parking passes and coin-operated laundry facilities. Rents range from $1,450-$1,550/month with a 1-year lease term and no pets.
• Larkin Professional Centre 30,000 SF of medical and professional office space across three office buildings in Joliet, IL, built in 1985 (Class B). Features masonry construction, mirrored insulated windows, free relocation available, and proximity to I-80 and I-55. Available suites include 566 SF at $925/month on a 3-year full-service lease.
• Glenwood Professional Medical and professional office building located two blocks from AMITA Health Saint Joseph Medical Center in Joliet, IL, with close proximity to I-80 and I-55. Available suites include 12,047 SF at $21 psft Gross (Suite 100), 1,935 SF at $3,250/month (Suite 210), and 5,529 SF at $9,215/month (Suite 220).
• Twin Oaks Place Two professional office buildings totaling 40,348 SF located directly across from Inwood Golf Course in Joliet, IL, minutes from I-55 and I-80, and near Joliet Union Station and Lockport Metra Station. Available suites include 4,225 SF at $7,200/month (Suite 105) and 5,770 SF at $10,578/month divisible (Suites 210 & 214).
• Bays Professional Centre 58,500 SF, 6-story Class C office building built in 1934 in downtown Joliet near the Will County Courthouse. Full-service suites include real estate taxes, utilities, and operating expenses with 24/7 automatic door security. Available suites include 1,020 SF at $1,360/month full-service (Suite 14B) and 3,245 SF at $4,597/month newly renovated (Suite 18).
• Executive Centre 57,856 SF, 5-story professional office building built in 1950 in downtown Joliet at Clinton and Scott Streets, with covered parking and accessibility to I-80 and Metra/Amtrak stations. Available suites include Suite B20 (2,150 SF plus breakroom) at $2,600/month and Suite B30 (1,450 SF) at $1,900/month.
• Pioneer Building 45,264 SF, 5-story building built in 1925/2008 in downtown Joliet's business district across from the Will County Courthouse. Full-service office building with rent including taxes, maintenance, electric, gas, and water, plus 24/7 automatic door locking. Available lower-level office Suite B20 at 268 SF for $400/month with a 3-year minimum term.
• Bays Premier Building Commercial office building at 51 W. Jackson in downtown Joliet offering multiple suite options ranging from 1,160 SF at $1,837/month on a 3-5 year lease (Suite 215) to 2,650 SF at $4,415/month with a 5-year minimum term (Suite 230).
• Bays Tower Commercial Space Commercial office and medical space available at 311 N. Ottawa in Joliet, including a 1,728 SF first-floor office suite (Office 5) at $2,590/month Gross on a 3-5 year term, located within the Bays Tower mixed-use building.
• Bays Ventures Approximately 12,000 SF main floor commercial space at 459 N. Ottawa St. in Joliet, available October 2026 at $18.00 per sq ft Triple Net.
• Bays 1418 Jefferson Newly renovated 8,031 SF commercial space at 1416-1420 W Jefferson Street in Joliet, available for lease at $13,385/month on a 5-year term with tenant responsible for utilities.
• Bays Rialto Building 64,081 SF office building at 116 N. Chicago Street in Joliet, renovated in 1998, located in the downtown business district.
• 201-203 N. Ottawa 29,550 SF, 3-story office building built in 1934/2017 in downtown Joliet across from Harrah's Casino with easy access to I-80 and 120 surfaced parking spaces. All floors currently leased.

Quantifiable outcome

• ADR increased from $31.50 to $69.47 under John Bays' management at Executive Inn Evansville
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• IHG (InterContinental Hotels Group)coreStrategic or Co-development Partner · 1 November 2007John Bays converted the Northbrook hotel property to IHG's Crowne Plaza brand following extensive renovation. This strategic partnership allowed access to IHG's loyalty program, corporate accounts, and brand standards. The conversion to IHG brand enabled successful acquisition of large corporate accounts including Allstate, Siemens, and Cummins.
• Green Bay PackerscoreStrategic or Co-development Partner · 1 August 2003Tundra Lodge Resort benefits from proximity to Lambeau Field (home of the NFL's Green Bay Packers). The hotel is located four blocks from the stadium which has sold out every home game since the 1960s. This strategic location enables the hotel to attract Packer fans year-round, not just during football season, enhancing business from sports tourism.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aloft Green Bay: Select-service hotel in the Green Bay market within walking distance of Lambeau Field, targeting sports-tourism and leisure demand. Comparable to Tundra Lodge as a Green Bay hotel competing for the same visitor base, though without the resort/waterpark amenity set.
• Hamilton Partners: Privately held suburban Chicago commercial office owner and operator with a multi-building portfolio in the western and southwestern suburbs. Highly comparable to Bays' Joliet office portfolio because of overlapping suburban-Chicago geography, similar tenant mix of professional and medical offices, and similar Class B product positioning.
• Lodge Kohler: Four-diamond hotel located in the Titletown district immediately adjacent to Lambeau Field in Green Bay, WI. Directly comparable to Tundra Lodge because both compete for sports-tourism, leisure, and conference demand generated by Lambeau Field in the same Green Bay lodging market.
• The Inland Real Estate Group: Oak Brook, Illinois-based diversified real estate owner, operator, and developer with commercial, residential, and hospitality exposure across the Midwest. Comparable to Bays as a privately held, Illinois-anchored diversified real estate holding company operating commercial, multifamily, and select hospitality assets in secondary Midwest markets.
• Hyatt Regency Green Bay: Full-service urban hotel in downtown Green Bay offering rooms, meeting space, and group facilities. Comparable to Tundra Lodge as a full-service Green Bay competitor targeting the same corporate, group, and leisure demand pool, though without the dedicated indoor waterpark.
• Radisson Hotel & Conference Center Green Bay: Full-service Green Bay hotel with on-site conference center and meeting facilities. Directly comparable to Tundra Lodge in the same lodging market, with overlapping meeting/conference customer base and similar full-service positioning targeting group and leisure demand.
• Hotel Northland: Historic, recently renovated full-service hotel in downtown Green Bay operated within the Marriott Autograph Collection. Comparable to Tundra Lodge because both are Green Bay hotels with renovated historic-style product competing for event, group, and leisure demand.

Regional players

• Brennan Investment Group: Illinois-based private real estate investment firm that acquires, develops, and operates industrial and select commercial properties across the Midwest. Comparable to Bays as a privately held Illinois-based real estate operator actively investing in regional secondary-market properties.

Broad incumbents

• Equity Residential: Large publicly traded apartment REIT with a national portfolio of urban and suburban multifamily rental communities. Comparable to Bays Tower and Bays Rialto Apartments as a professional apartment-building operator, though at vastly greater scale and capital base.
• AvalonBay Communities: Large publicly traded multifamily REIT owning and operating apartment communities across high-growth U.S. markets. Comparable to Bays' residential rental business in asset type (institutional apartment ownership and operation), though at much larger scale and geographic breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bays Investment Corporation