We were robbed
Ok, I just feel if you're paying well over $200 for a room you should get something to show for it. The location was on Michigan Ave but if I pay just a little more I could have had way better (Peninsula, Park Hyatt, shoot the Omni was 10x better). We ordered a deluxe executive suite, and it was so below sub par. The room was very small (so small the ice bucket was in the closet), the bathroom was just as small, just well lit (a plus). Wallpaper was peeling, outlets barely covered, no view. The only thing appealing was the bed, and that may have been because I was so tired. And we were really excited because this is the Palmer House. 
The Palmer House does have nice restaurants: the Lockwood (quiet, distinguished) and the Potter's Lounge (grown/sexy)