OAK BROOK, Ill.
RockBridge Partners, a division of RockBridge, has announced the acquisition of the former Renaissance Oak Brook, a 172-room, full-service hotel located in Oak Brook, Illinois. The property will undergo a comprehensive $21 million renovation and be reintroduced to the market as the Le Meridien Chicago at Oakbrook Center, a “like new”, upper upscale hotel that will recapture market leadership.
The comprehensive renovation will commence this fall and is scheduled to be completed in the fall of 2013, at which point a grand opening ceremony will be held. Renovations will include a redeveloped lobby that exudes an engaging sense of arrival, a new restaurant and lounge, and a relocated and expanded fitness center. The guestrooms and corridors will be fully refurbished with high-quality finishes, including renovated guest bathrooms, high-definition televisions, bedding upgrades, and a comprehensive soft and case goods package.
The hotel is located adjacent to the two-million-square foot Oakbrook Center, the largest open-air mall in the United States. It also sits within one of the largest office markets in the Chicago suburbs; one that boasts over 21 million square feet of office space within a seven-mile radius. The property will be managed by Wischermann Partners, Inc.
