I was very disturbed to find that there was a fire station next door as I was sure it would ruin my sleep. I am a very light sleeper and Chicago is already a very noisy town. I slept poorly the first night although it really wasn't the siren's fault and the hotel gives free earplugs to anyone who wants one. I was surprised to sleep the rest of the week much better than I usually sleep in hotels and was very comfortable so don't let the fire station thing scare you away.
The location is outstanding as you are at most a half hour walk from pretty much anything you would want to do in Chicago. The Navy Pier, the John Hancock building, the Sears Tower and basically all of downtown Chicago can be walked from this hotel and from what I saw, you don't want to drive here. There is a subway stop around the corner from the hotel which is always nice.
Breakfast was good with a waffle machine and two to three rotating hot dishes like sausage patties or eggs. Television was good with actual HDTV provided and hooked up properly. I subtract one star because I think refrigerators should be standard in rooms. I didn't really need one though as we never had any leftovers but it annoys me nonetheless.