Nice place to stay for a business traveler..
Overall this was a nice place to stay. There is one major feature of this hotel that will instantly drive away many people. They still offer smoking rooms to their guests. Personally, even though I don't smoke, it doesn't bother me, but I want to be fair in my review and make you aware if you are not already. 
The high-speed internet is excellent. I was able to work and stream video without any lag/problems. The TV service isn't the greatest, there's only about 30 channels to choose from and none of them are SD or HD - they are all on an analog signal. They have LodgeNet in their rooms, so there is a BUNCH of "pay per view" (at a high rental rate) and even adult movies if you are really rich and desire that kind of entertainment.
The hotel did have a few "problems" that were not in their control that somewhat disrupted my stay. First, DirecTV had a major problem during my stay that caused about 1/3 of the TV channels to quit working. Secondly, the hotel's internet router crashed causing us to be without internet for about 3 hours. (Neither of which were caused by their staff, so I don't really hold it against them)
They are located about a 5 minute walk off of the Blue Line "L", so there is access to most of town at a reasonable price (if you don't get confused by L's different routes, etc.) Otherwise, the location isn't the best for traveling downtown. Taxis are expensive in Chicago. I would say if you have to travel by taxi to downtown during your stay, try to stay closer to town. Otherwise, it's a nice place.
Their restaurant, Bar Louie, is an excellent place to dine with very friendly staff. They have a very limited menu, but the food I had (chicken quesadilla and fried chicken macaroni and cheese) was excellent.
So, the ultimate question is: Would I stay here again? The simple answer: Yes, without a doubt. BUT, only if I had a rental car for traveling downtown Chicago.