Discover the fascinating ownership details of the iconic Drake Hotel in Chicago.
If you’re short on time, here’s a quick answer to your question: The Drake Hotel in Chicago is owned by the Hilton Hotels & Resorts.
In this article, we will delve into the history of the hotel, explore its current ownership, and highlight its significance as a landmark in the city.
A Rich History
The Drake Hotel in Chicago has a rich history that dates back to its origins and construction. From hosting notable guests to being the backdrop for iconic events, this historic landmark has stood the test of time.
Origins and Construction
The Drake Hotel was built in 1920 as part of a development project in Chicago’s Gold Coast neighborhood. Designed by the architectural firm Marshall and Fox, the hotel was influenced by French Renaissance architecture and featured ornate details and luxurious amenities. It quickly became a symbol of elegance and sophistication in the city.
During its construction, the hotel faced some challenges, including the Great Depression, which slowed down the progress. However, the determination of the developers and their commitment to creating a world-class establishment prevailed, and the hotel was finally completed in 1920.
Today, the Drake Hotel stands as a testament to the grandeur of the past, with its iconic facade and opulent interiors. It continues to be a popular destination for tourists and locals alike.
Notable Guests and Events
Over the years, the Drake Hotel has welcomed numerous notable guests from around the world. From politicians and celebrities to business tycoons and royalty, the hotel has been a preferred choice for those seeking luxury and comfort.
Some of the famous guests who have stayed at the Drake Hotel include President Franklin D. Roosevelt, Princess Diana, and Queen Elizabeth II. These high-profile visits have added to the hotel’s prestige and further solidified its reputation as a premier destination.
In addition to hosting distinguished guests, the Drake Hotel has also been the venue for many significant events. From extravagant parties and galas to important conferences and meetings, the hotel has witnessed it all. One of the most notable events held at the Drake Hotel was the signing of the United Nations Charter in 1945, which laid the foundation for the establishment of the international organization.
The Drake Hotel has also been featured in popular culture, with appearances in movies, TV shows, and music videos. Its iconic status has made it a recognizable landmark in Chicago and a symbol of the city’s rich history.
To learn more about the history of the Drake Hotel in Chicago, you can visit their official website https://www.thedrakehotel.com/.
Changing Hands
The ownership of the iconic Drake Hotel in Chicago has changed hands multiple times throughout its long history. Each transition brought new management and a fresh perspective to the renowned establishment. Let’s take a closer look at some of the key ownership changes that have shaped the hotel we know today.
Early Ownership Changes
Since its opening in 1920, the Drake Hotel has undergone several ownership changes. In the early years, it was owned by John and Tracy Drake, who were prominent figures in the Chicago business community. However, due to financial difficulties during the Great Depression, the hotel was sold to a group of investors in 1945.
During the 1950s and 1960s, the Drake Hotel changed hands a few more times, with each new owner bringing their own unique vision to the property. These transitions helped to keep the hotel relevant and ensure its continued success in the ever-changing hospitality industry.
The Hilton Era
One of the most significant ownership changes for the Drake Hotel occurred in 1996 when it was acquired by Hilton Hotels Corporation. This marked the beginning of a new era for the historic establishment. Under Hilton’s ownership, the hotel underwent extensive renovations to modernize its facilities and enhance the guest experience.
Hilton’s strong brand reputation and expertise in the hospitality industry helped to elevate the Drake Hotel’s status as a top luxury destination in Chicago. With Hilton’s support, the hotel was able to attract high-profile guests and host prestigious events, further solidifying its place in Chicago’s elite hotel scene.
Today, the Drake Hotel continues to thrive under the ownership of Hilton Worldwide Holdings. Its rich history, elegant architecture, and prime location on Chicago’s Magnificent Mile make it a beloved landmark in the city. Whether you’re a history buff, a luxury traveler, or a local looking for a memorable staycation, the Drake Hotel offers a truly exceptional experience.
For more information about the Drake Hotel and its ownership history, you can visit https://www.thedrakehotel.com/.
Modern Amenities and Features
Luxurious Accommodations
When it comes to offering lavish accommodations, the Drake Hotel in Chicago truly stands out. Whether you’re visiting for business or pleasure, you can expect nothing short of excellence in every room. From spacious suites with breathtaking city views to elegantly designed guest rooms, the hotel caters to the needs and preferences of every guest. The rooms are meticulously furnished with plush bedding, stylish furniture, and state-of-the-art technology to ensure your stay is comfortable and convenient. Additionally, the Drake Hotel boasts an attentive and friendly staff that is always ready to assist you with any requests or inquiries you may have.
Dining and Entertainment Options
One of the highlights of staying at the Drake Hotel is the wide array of dining and entertainment options available to guests. Whether you’re craving a gourmet meal or a casual bite, the hotel’s restaurants and bars have something to satisfy every palate. Indulge in a fine dining experience at the iconic Palm Court, known for its exquisite afternoon tea service and live piano music. If you’re in the mood for a more relaxed atmosphere, head to the Coq d’Or, a historic bar that offers a selection of craft cocktails and mouthwatering comfort food. Additionally, the Drake Hotel is conveniently located near popular attractions such as the Magnificent Mile and Navy Pier, providing guests with ample opportunities for entertainment and exploration.
For more information on the Drake Hotel in Chicago, you can visit their official website here.
The Drake Hotel Today
When it comes to iconic hotels in Chicago, the Drake Hotel is undoubtedly one of the most recognizable. Built in 1920, it has stood the test of time and remains a prominent landmark on the city’s Magnificent Mile. Today, the Drake Hotel is owned and operated by Hilton Hotels & Resorts, a renowned hospitality company with a global presence.
Preservation and Restoration
Preserving the historical integrity of the Drake Hotel has been a top priority for its owners. Over the years, the hotel has undergone several restoration projects to ensure that its original grandeur and architectural beauty are maintained. From the elegant lobby to the luxurious guest rooms, every detail has been carefully preserved to provide guests with a glimpse into the hotel’s rich history.
One notable restoration project took place in 2003, where significant efforts were made to restore the hotel’s iconic Palm Court. This stunning space, with its breathtaking views of Lake Michigan, was meticulously restored to its former glory. Today, it continues to serve as an elegant venue for afternoon tea and special events.
Continued Excellence
The Drake Hotel has long been associated with excellence in hospitality. Its commitment to providing exceptional service and luxurious accommodations has earned it numerous accolades over the years. From Forbes Travel Guide’s Four-Star rating to being named one of Travel + Leisure’s “World’s Best Hotels,” the Drake Hotel continues to impress both guests and industry professionals alike.
With its prime location and stunning views of Lake Michigan and the Chicago skyline, the Drake Hotel remains a popular choice for both leisure and business travelers. Its world-class amenities, including multiple dining options, a fitness center, and elegant event spaces, ensure that guests have everything they need for a memorable stay.
If you’re planning a visit to Chicago, the Drake Hotel is definitely worth considering. Immerse yourself in its rich history, experience its timeless elegance, and enjoy the unparalleled hospitality that has made it a Chicago institution for over a century.
Conclusion
The Drake Hotel in Chicago has a storied past and has remained an iconic landmark in the city for over a century.
Owned by Hilton Hotels & Resorts, the hotel continues to provide a luxurious and memorable experience for guests.
Whether you’re visiting Chicago or simply intrigued by its history, the Drake Hotel is a must-see destination that showcases the city’s elegance and charm.
