Historic Inn of Chicago to Be Renovated as First U.S. Ruby Hotel in Streeterville

By Socialhood News · Il/Chicago/Streeterville · January 31, 2026

Streeterville will soon welcome a prestigious new addition to its hospitality landscape as IHG Hotels & Resorts has announced plans to transform the century-old former Inn of Chicago into the United States' first Ruby Hotel. The 22-story historic building on Ohio Street, just east of Michigan Avenue, will undergo extensive renovations beginning later this year.

The project marks a significant milestone for IHG Hotels & Resorts—operator of well-known brands including Holiday Inn, Iberostar, and Regent—as they introduce their Ruby Hotel concept to the American market. Renovation work is scheduled to commence in the coming months, with the 412-room luxury hotel expected to welcome its first guests in 2027. The development represents a positive transformation for the property, which has been vacant since November 2024.

For Streeterville residents, the arrival of this international hotel brand signals continued investment and vitality in the neighborhood's hospitality sector. The renovation of this historic building promises to enhance the area's architectural character while providing additional accommodations for visitors to nearby attractions including the Magnificent Mile, Navy Pier, and Northwestern Memorial Hospital. Neighbors and visitors alike can look forward to watching this exciting transformation unfold over the coming months.

Sources:
1. https://www.cbsnews.com/chicago/news/inn-of-chicago-migrant-shelter-renovation-ruby-hotel-streeterville/