In this case, location isnt everything.
It's unfortunate there isnt a way to track what people paid for the room and assess whether its worth it at a certain cost. Because at over $100 a night, this hotel isnt worth it. There were four serious events going on downtown Chicago the weekend we went, and the hotel was $179/night (everything was overly expensive). 
The hotel/room was a dump, floor boards coming off the wall, outlet covers missing, fire alarms pulled from the ceiling and never puttied over, emergency stairs wobbly and then there was the air conditioning. This place only has one setting - hot or cold and its at the hotel's discretion not yours. The only option is to open the room if they turn on the heat...and when you're on the second floor facing a parking lot and the L - that isnt a great way to sleep. Sure, the hotel is located wonderfully, but its not worth it.