A new Four Points by Sheraton hotel will be built in Arlington Heights as part of the redevelopment known as Arlington Downs at the site of a former Sheraton hotel, the company announced Wednesday.
The former 400-room Sheraton Chicago Northwest Hotel at Euclid Avenue and Rohlwing Road, just west of Arlington International Racecourse, closed in 2009 and now is the site of a $250 million multiuse redevelopment.
Besides the new hotel, the site will include luxury apartments in the closed Sheraton building, an expanded water park, restaurants and retail shops, developers said.
The new Sheraton will be in a separate structure on the Arlington Downs property. The old Sheraton is in the process of being gutted and transformed into the first of two towers housing 214 luxury apartments and an underground parking deck.
The new Four Points by Sheraton -- Arlington Downs will open in January 2015 with 161 guest rooms, according to a release from parent company Starwood Hotels & Resorts Worldwide.
"Four Points by Sheraton -- Arlington Downs will attract both business and leisure travelers with its convenient location within the city's newest mixed-use development," said Brian McGuinness, senior vice president of Specialty Select Brands for Starwood.
Village officials said they are happy with the progress at the site.
"Getting hotel rooms back at this site has been a priority in the village from an economic point of view," said Charles Witherington-Perkins, director of planning and community development.
Ground broke on the residential portion of the Arlington Downs project earlier this year and is moving forward smoothly, he added.
"It's a fantastic project, probably one of the biggest new construction developments outside of the city of Chicago," Perkins said. "In today's economy and climate, we're extremely pleased that they're moving forward not only with the residential, but with the announcement of the Four Points by Sheraton."
Developers have posted a live webcam of the site at http://oxblue.com/open/Stoneleigh/ArlingtonHeights and will be adding new photos daily to create a time-lapse as the project progresses.