CHICAGO — The planned hotel for the McDonald's lot across from Wrigley Field now has a name: Sheraton.
The Ricketts' family, owner of the Cubs and the land across Clark Street with the McDonald's, announced Thursday through spokesperson Dennis Culloton that they've partnered with Starwood Hotels, the conglomerate that owns Sheraton, for an official partnership.
The hotel planned for the McDonald's lot will be a "boutique" version of the Sheraton brand and is intended to "be uniquely designed to fit within the current neighborhood landscape and community," the release states. A McDonald's must remain on the lot in some form, according to the plans.
The Cubs have been pitching a Wrigley Field renovation plan to neighbors that showed the hotel as an L-shaped glass building with a courtyard facing the field. Photos of renderings will be release on Saturday during the Cubs Convention, according to Cubs spokesman Julian Green.
"Once we know how we can save Wrigley Field, the Ricketts Family is looking forward to the opportunity to build a hotel across the street," Culloton said in a statement. "It could complement the neighborhood and its establishments while also serving fans and tourists."
The Cubs and Wrigley Field are 95 percent owned by a trust established for the benefit of the family of Joe Ricketts, owner and CEO of DNAinfo.com. Joe Ricketts has no direct involvement in the team's day-to-day operations.