After attending the University of Illinois and DePaul University Law School, Alan Ludwig began his career in the hotel business in 1969. Upon acquiring the Sheraton Inn, Waukegan, Alan and his late father, Arthur Ludwig, completely remodeled the facility and later oversaw the construction of a 100-room addition to the hotel. Under Ludwig’s management, this property achieved the highest occupancy in the Sheraton franchise division and Alan was named “Manager of the Year.” The Sheraton Inn, Waukegan, later the Ramada Inn, Waukegan, remained in the Ludwig portfolio for 43 years until it was sold in December, 2012.
During 1981, Alan formed Ludwig and Company, in order to take his growing company in a different direction, concentrating on the development and management of affordable housing and market rate communities. He then developed, built, leased up, and subsequently managed Hickory Manor Apartments – a 120-unit apartment community participating in the HUD Section 8 subsidy rent program for low-income families. Over 30 years later, Hickory Manor Apartments continues to thrive under Ludwig and Company’s management.
Soon after the completion of Hickory Manor Apartments, Alan developed two additional multi-family apartment communities: Skyridge Club Apartments, which included 192 market rate units located in Crystal Lake, Illinois and its sister property, Pembrook Club Apartments, which included 280 market rate units located in Gurnee, Illinois. These properties remained under Alan’s ownership and Ludwig and Company’s management until 1999 when they were sold. The buyer of Pembrook Club Apartments, Northwestern Mutual Life Insurance, pleased with the condition and day-to-day management of their new asset, invited Ludwig and Company to stay on as the management agent for the property. Pembrook Club Apartments remained in Ludwig and Company’s management portfolio throughout Northwestern Mutual Life Insurance’s ownership tenure, ending in 2010 upon the sale of the property.
Alan continues to grow Ludwig and Company management portfolio from these original three owner-managed developments to its current portfolio of 45 apartment communities and approximately 5,300 units by earning a reputation for managing his clients’ properties as if their properties were his own. Our clients look to Alan for advice and recommendations based on his vast experience and proven success in the property development and management industry and his extensive network of development and government agency experts.