{"id":1004057518,"date":"2013-01-10T09:59:45","date_gmt":"2013-01-10T17:59:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=94011"},"modified":"2020-04-05T23:25:22","modified_gmt":"2020-04-06T07:25:22","slug":"closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook\/","title":{"rendered":"Closed Hotel to be Reintroduced to Market as Le Meridien Chicago at Oak Brook"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A shuttered Renaissance-branded hotel next to the Oakbrook Center mall in Chicago\u2019s Oak Brook suburb will reopen in early 2014 under the Le Meridien banner. The announcement was made last week by Starwood Hotels &amp; Resorts Worldwide Inc., who teamed up with real estate investment firm RockBridge Partners of Columbus, Ohio to transform the closed facility into an upscale hotel for both business and leisure travelers.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/renaissance_oak_brook_hotel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-94012\" title=\"renaissance_oak_brook_hotel\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/renaissance_oak_brook_hotel.jpg\" alt=\"\" width=\"300\" height=\"208\" \/><\/a>The 10-story Renaissance Hotel building (pictured) located at 2100 Spring Rd. was sold by General Growth Properties Inc. to RockBridge Partners for an undisclosed amount in October 2012. The property is undergoing a complex $20 million renovation that will culminate with a grand opening ceremony in January 2014.<\/p>\n<p style=\"text-align: justify;\">&#8220;The comprehensive renovation and re-branding of the hotel, coupled with the strength of the Starwood system, will position Le Meridien Chicago\u2013Oakbrook Center as the premier hotel in the market,&#8221; said Jim Merkel, president and CEO of RockBridge, as quoted in a press release by Starwood Hotels.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/le-meridien-logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-94013\" title=\"le meridien logo\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/le-meridien-logo.jpg\" alt=\"\" width=\"300\" height=\"131\" \/><\/a>The hotel\u2019s 172 guest rooms and suites will be completely refurbished and feature the signature Le Meridien Bed designed by artist Nick Dine, who is one of the members listed in Le Meridien\u2019s \u201cLM 100\u201d list of design experts and consultants. A proprietary new bar and restaurant with meeting spaces will be created on the building\u2019s ninth floor, and guests will have access to a state-of-the art fitness center and rooftop terrace.<\/p>\n<p style=\"text-align: justify;\">For more market data in Chicago, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-chicago-sees-largest-payroll-expansion-since-financial-crisis\/1004065001.html\" target=\"_blank\" rel=\"nofollow\"><strong>click here<\/strong><\/a>.<\/p>\n<h6 style=\"text-align: justify;\"><em>Image of former Renaissance Hotel via\u00a0hotelsharbor.com<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>A shuttered Renaissance-branded hotel next to the Oakbrook Center shopping center in Chicago&rsquo;s Oak Brook suburb will reopen in early 2014 under the Le Meridien flag. The announcement was made last week by Starwood Hotels &amp; Resorts Worldwide, Inc., who teamed up with real estate investment firm RockBridge Partners of Columbus, OH, to transform the closed facility into an upscale hotel for both business and leisure travelers.<\/p>\n","protected":false},"author":258,"featured_media":1004506229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[1815],"class_list":["post-1004057518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Closed Hotel to be Reintroduced to Market as Le Meridien Chicago at Oak Brook - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Closed Hotel to be Reintroduced to Market as Le Meridien Chicago at Oak Brook\" \/>\n<meta property=\"og:description\" content=\"A shuttered Renaissance-branded hotel next to the Oakbrook Center shopping center in Chicago&rsquo;s Oak Brook suburb will reopen in early 2014 under the Le Meridien flag. The announcement was made last week by Starwood Hotels &amp; Resorts Worldwide, Inc., who teamed up with real estate investment firm RockBridge Partners of Columbus, OH, to transform the closed facility into an upscale hotel for both business and leisure travelers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-10T17:59:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T07:25:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/renaissance_oak_brook_hotel.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/closed-hotel-to-be-reintroduced-to-market-as-le-meridien-chicago-at-oak-brook\/\",\"name\":\"Closed Hotel to be Reintroduced to Market as Le Meridien Chicago at Oak Brook - 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