I stayed here with my fiancé and another couple in the beginning of September 2009. We were in Chicago for a tradeshow at the McCormick, and all the hotels in the city were overpriced ($2-300 a night). I got an AMAZING offer for this hotel through a booking site ( 2 hotel rooms and a car for 3 nights/4 days for about $400).
The hotel is about 5 minutes from the airport, but we didn't hear any planes while we were in the room. The hotel is also right off the highway to get into the city and other areas in greater Chicago, which was convenient. The city is about a 20-30 minute drive, depending on traffic.
The hotel is nicer than all other Holiday Inns that I've been to - there's a proper foyer and people at the reception desk, as well as a bar/restaurant downstairs. Our rooms were clean and spacious, and the bathroom was clean as well. We were very pleased with everything overall. We had a microwave in our room and our friends had a fridge (but neither rooms had both - strange). There's no safe.
Parking is free and there is ample parking at the front and back of the building. The area seemed safe too. Oh, and there was free internet too!