Overall, I'm pleased with my stay. I was able to check in a couple of hour early, which was great, and the view of Buckingham Fountain across the street was great. The room was bright and reasonably spacious, if showing its age just a bit.
Two things I would recommend: try to get an odd numbered room, as those are the ones with the lake views. Bring a sound machine, as the noise from Michigan Ave. can be loud if you're a light sleeper. Also, if you want to sleep in, a blindfold might be good as well, since the sun comes streaming in nice and early. There are curtains, but mine were pretty ineffective.
I think the rate I paid for the room was a bit pricey, but the early check in, view, and location of the hotel made it worth it in the end.