The Drake Hotel, Chicago

at , Chicago , 60611 United States

1. Hotel
2. Local Business

Description

The Drake Hotel, 140 East Walton Place, Chicago, Illinois, is a luxury, full-service hotel, located downtown on the lake side of Michigan Avenue two blocks north of the John Hancock Center and a block south of Oak Street Beach at the top of the Magnificent Mile. Overlooking Lake Michigan, it was founded in 1920, designed in the Italian Renaissance style by the firm of Marshall and Fox, and soon became one of Chicago's landmark hotels, a longtime rival of the Palmer House. It has 537 bedrooms and 74 suites, a six-room Presidential Suite, several restaurants, two large ballrooms, the "Palm Court" (a club-like, secluded lobby), and Club International (a members-only club introduced in the 1940s). It is known for the contribution that its silhouette and sign on the lake (Oak Street) façade make to the Gold Coast skyline.HistorySecond-generation hotel magnates Tracy Drake and John Drake (1872-1964) acquired the property from the estate of Potter Palmer in 1916. The building was financed by a syndicate of family friends including members of the Palmer, Armour, Swift, and McCormick families and the hotel's architects, Benjamin Marshall and Charles Fox. Including the land, construction, and furnishing, the Drake cost $10,000,000, which in present-day dollars is roughly $120 million.

Company Rating

200 FB users likes The Drake Hotel, Chicago, set it to 129 position in Likes Rating for Chicago, Illinois in Hotel & Lodging category

Summary

The Drake Hotel, Chicago is Chicago based place and this enity listed in Hotel category. 60611.