The Drake Hotel has anchored the north end of the Magnificent Mile, where it meets Lake Shore Drive and the lakefront, since 1920. A classic grand hotel, it has hosted presidents, royalty, and celebrities across more than a century, and remains beloved for its old-world public spaces — above all the Palm Court, where afternoon tea is a cherished Chicago tradition. For travelers drawn to historic grandeur and a prime lakefront-adjacent Mag Mile address, it's a landmark stay.
The Drake Hotel opened in 1920 at the northern tip of the Magnificent Mile, where Michigan Avenue meets East Lake Shore Drive and the lakefront — one of the most prestigious addresses in the city. A grand hotel in the classic sense, it has welcomed a long roll call of presidents, royalty, and celebrities over its century-plus of operation, and it carries that history proudly.
Its public spaces are the draw
The elegant Palm Court, where afternoon tea has been a Chicago institution for generations; the Coq d'Or, a wood-paneled bar with deep history; and the ornate lobby and ballrooms. Rooms are traditional in style and vary considerably given the building's age, but many enjoy views over Lake Michigan or the avenue. It's a grand-dame experience rather than a sleek-modern one.
The location is excellent for first-time visitors who want to be on the Magnificent Mile and near the lake: the Oak Street Beach is essentially across the street, the Mag Mile shopping runs south from the door, and the near-north attractions are within walking distance. The Drake suits travelers who value history, tradition, and a storied sense of place over contemporary design.
Why stay here
- ✓Palm Court afternoon tea
- ✓Coq d’Or historic bar
- ✓On-site dining
- ✓Fitness center
- ✓Concierge
- ✓Valet parking
- ✓Steps from Oak Street Beach
Good questions
How historic is The Drake?+
It opened in 1920 and has operated for more than a century, hosting presidents, royalty, and celebrities. It's one of Chicago's classic grand hotels.
What is the Palm Court?+
The Drake's elegant lounge, where afternoon tea has been a cherished Chicago tradition for generations — a draw for guests and locals alike.
Where is it located?+
At the north end of the Magnificent Mile, where Michigan Avenue meets Lake Shore Drive and the lakefront, essentially across from Oak Street Beach.
