We stayed at the Drake Hotel a couple of years ago and it was wonderful. I booked our room through Travelocity (but the bill said hotels.com). Believe it was about $165/night. Unfortunately the room was small (but elegant) and offered no view. We loved our visit anyway!

My son and his wife stayed at the Sofitel in Houston and thoroughly enjoyed it, but I don't know how it would compare to the one in Chicago.

Here's the web site for the Drake, but in looking at the rates it doesn't appear that you would be able to find a $200 rate. Shop around anyway though! http://www.thedrakehotel.com/

Chris in Pearland, TX