(Crain’s) — The depressed local hotel market has claimed another casualty: the Sheraton in Arlington Heights, which is shutting down just three years after an adjoining $25-million water park was built next door.
The 429-room Sheraton Chicago Northwest and CoCo Key water park will close Dec. 28, putting about 230 employees out of work, according to a statement provided by a hotel spokeswoman.
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