Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the signing of Le Méridien Chicago – Oakbrook Center. Located in Greater Chicago directly adjacent to Oakbrook Center, one of the most prestigious shopping destinations in the United States, the 10-story building is set to undergo a $20 million transformation prior to its 2014 debut. Owned by RockBridge and managed by Wischermann Partners Inc., Le Méridien Chicago – Oakbrook Center will combine timeless, chic design with sophisticated offerings.
“We are excited to bring Le Méridien to Chicago as part of our plan to accelerate the expansion of this dynamic, global brand across North America,” said Allison Reid, Senior Vice President of North America Development, Starwood Hotels & Resorts Worldwide. “Le Méridien Chicago – Oakbrook Center will mirror the style and sophistication of metropolitan Chicago and attract both business and leisure travelers who appreciate the brand’s creative flair and upscale comfort.”
Located 18 miles west of the Chicago loop, along the Interstate 88 corridor, Le Méridien Chicago – Oakbrook Center will serve as a hub for both business and leisure. The hotel is just steps away from large corporate offices, luxury boutiques and highly sought after restaurants, making it a destination of choice for visitors to Oak Brook and other western Chicago suburbs.
“We are excited about the opportunity to expand our strong relationship with Starwood Hotels, with our second Le Méridien project,” said Jim Merkel, President and CEO of RockBridge. “The comprehensive renovation and rebranding of the hotel, coupled with the strength of the Starwood system, will position Le Méridien Chicago – Oakbrook Center as the premier hotel in the market.”Le Méridien Chicago – Oakbrook Center will boast a spectacular new outer façade, a new arrival experience and completely reimagined public spaces. The ninth floor will feature a proprietary new bar and restaurant concept with a variety of meeting spaces. In addition, Le Méridien Chicago – Oakbrook Center will offer a spacious fitness center outfitted with state-of-the-art equipment and a roof-top terrace. The hotel’s 172 rooms and suites, including a presidential suite and two spa suites, will be refurbished and feature the signature Le Méridien Bed.