Can't beat the location - rooms so so
This hotel is just half a block north of the Michigan Avenue Bridge. The Art Institute and Millenium Park are a short walk south - the lake front and Ohio St Beach are a short walk east, and the Magnificient Mile starts at your door and stretches to the north. The hotel combines what they call the Historic Tower, built in the late 1920's as a Masonic Temple, and a new tower. Most of the public rooms are in the Historic Tower, well worth a tour for its outrageous decor - a bizarre agglomeration of medieval, moorish, and byzantine motifs. Our room was in the bland new tower. It was on the small side, as is true with most city hotels, and the decor was a bit tired. The carpet had seen better days, the curtain was missing a few hooks and sagged here and there, and there were several bubbles and tears in the wallpaper. The furniture seemed to be a collection of odds and ends left over from somewhere. As is true in too many hotels, outlets for all the electronics we lug around these days were few and awkward to reach. The room was kept very clean, the bathroom was spacious, and the bed very comfortable. All the staff we dealt with couldn't have been more friendly or helpful.
WIFI connection is very expensive - $15. a day, and parking is close to $50. a day. 
Our two gripes - we were on the 22nd floor and the closest ice machine was on the 7th floor, and elevator service was often maddeningly slow. 
By no means would I consider this a luxury hotel. It is a good basic place to stay whose main assets are its location and staff.