In a stunning real estate move, John Paul DeJoria, the billionaire co-founder of John Paul Mitchell Systems, has purchased the expansive 80-acre McDonald’s campus located in the Chicago suburb of Oak Brook. This iconic site features the former McDonald's main office, the renowned Hamburger University training center, and a Hyatt hotel. Although DeJoria's future plans for the property remain a mystery, it has been reported that the 218-room Hyatt will continue to operate. Notably, the main office building spans an impressive 332,000 square feet, while Hamburger University occupies 130,000 square feet. A dedicated redevelopment team based in Austin, Texas, has been assigned to oversee the future of this wooded campus, which was originally designed for McDonald's in 1988 and features two serene lakes. The purchase price of the campus has not been disclosed.
DeJoria expressed his excitement about the acquisition, stating he looks “forward to welcoming the next generation of special guests and corporations to the property,” and emphasizing that the campus has “a bright future ahead.” In his statement, he highlighted the rich history and community significance of the campus, stating, “I am honored to continue that legacy and we look forward to welcoming the next generation of special guests and corporations to the property. There’s most certainly going to be a bright future ahead.”
At the age of 75, DeJoria boasts a remarkable net worth of $4 billion, largely attributed to his success in the hair care industry and the premium tequila brand, Patron. He founded John Paul Mitchell Systems alongside Paul Mitchell with a modest $700 investment in 1980, eventually acquiring a stake in Patron Spirits in 1989 and significantly increasing its sales. In 2018, he sold the company to Bacardi for an impressive $5.1 billion in cash. The McDonald’s campus, previously the crown jewel of the company's properties, has historically served as a training ground for thousands of managers and operators at Hamburger University.
As part of its transformation, McDonald's relocated its headquarters last spring to Chicago's West Loop, a move aimed at embracing a more modern and progressive image as a burger company. Oak Brook Village President Gopal Lalmalani expressed enthusiasm regarding DeJoria's purchase, indicating that he plans to maintain the property’s current aesthetic. This sentiment resonates with the community, as many prefer the preservation of the beautiful campus rather than dividing it into multiple spaces.
| Personal Details | Information |
|---|---|
| Name | John Paul DeJoria |
| Age | 75 |
| Net Worth | $4 Billion |
| Companies Founded | John Paul Mitchell Systems, Patron Spirits |
| Notable Acquisitions | McDonald's Oak Brook Campus |
Table of Contents
- Biography of John Paul DeJoria
- Overview of the McDonald's Campus Purchase
- Future Plans for the Property
- Impact on the Community
