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If you can find a good rate at this place—and when the rates are good, they’re good—grab it. Many locals haven’t even heard of this lovely boutique hotel, which is in a central location in the thick of all of the Loop’s action. The property underwent its first real, complete renovation in 2014, and it’s now one of the more modern historic properties in town. Enter the black and white marble lobby, where large, shiny silver chandeliers splash bright light throughout. Upstairs, hallways are covered in shiny silvers and greys (that’s as silver-smithy as it gets—the name is a nod to the property’s early silversmith digs when it opened in 1897). Because it wasn’t originally built as a hotel, the rooms are uniquely shaped, some narrow, some with more than one actual room, and all are of a good size. Furnishings have a fun, artsy flair and feel like they belong in a cool loft space. The El rumbles fairly close to the hotel, so expect to feel like a real Chicagoan and exist alongside the noise of city living.