New Hotels in Chicago , IL

The most recently opened property is ACME Hotel Chicago, Outset Collection by Hilton, which debuted in River North in December 2025 as one of the launch properties for Hilton's brand-new 25th hotel brand. For renovations, the Hyatt Regency Chicago completed a $200 million transformation of all 2,019 guest rooms and public spaces in April 2026 — making it the most comprehensively updated large hotel in the city. For true new builds, Hotel Riu Plaza Chicago opened in July 2024 near the Magnificent Mile with 390 rooms and a rooftop bar.

The St. Regis Chicago opened in May 2023 in the Wanda Vista Tower at 401 E. Wacker Drive — the world's tallest building designed by a female architect, Jeanne Gang of Studio Gang. The hotel occupies floors 12 through 26 of the 101-story tower with 192 rooms and suites, floor-to-ceiling Chicago River and skyline views, butler service throughout, Miru restaurant (Japanese-inspired brasserie by Lettuce Entertain You), Tre Dita Italian steakhouse by James Beard Award-winning Chef Evan Funke, and the 17,000 sq ft Iridium Spa. It is Chicago's first St. Regis property and the most architecturally significant luxury hotel opening in the city in decades.

Yes — the Hyatt Regency Chicago completed a massive $200 million renovation in April 2026. The transformation covered all 2,019 guest rooms — making it a full property-wide modernization of the largest hotel in Chicago. Public spaces and the legendary Grand Ballroom were also updated as part of the comprehensive overhaul. The Hyatt Regency remains the go-to convention and business hotel in the city, now with a thoroughly refreshed guest room experience throughout.

Bally's Chicago Casino + Hotel is targeting a late 2026 opening along the Chicago River in River West, though the timeline has faced construction challenges and delays. The $1.8 billion development includes a 34-story hotel tower with 500 rooms, a large pool spa, fitness center, and rooftop restaurant and bar. The casino will feature 3,300 slot machines, 173 table games, a 3,000-seat theater, six restaurants, a food hall, and a rooftop bar. Designed by HKS — the same firm behind The Palazzo Las Vegas and The Venetian Macao. We update this page as the project progresses.

Two strong newly opened options for value-conscious travelers: Canopy by Hilton Chicago Central Loop opened December 2024 in the historic Chicago & North Western Railways building at 226 W. Jackson, directly across from Willis Tower — 215 rooms, Depot 226 restaurant, fitness center, and Hilton Honors points from around $200/night. Hampton Inn & Suites Chicago Medical District UIC opened October 2024 near Rush University with an indoor pool, free hot breakfast, EV charging, and a 4.7-star rating from around $185/night — the best-rated newly opened budget hotel in the Chicago market.

ACME Hotel Chicago, Outset Collection by Hilton opened in River North in December 2025 as one of the launch properties for Hilton's brand-new Outset Collection — the company's 25th brand. The Outset Collection is designed around story-driven, conversion hotels with upscale finishes, flexible amenities, and deeply local identities. ACME Hotel Chicago has been a beloved River North boutique for years; now relaunched under the Outset Collection flag with Hilton Honors eligibility, it's the most talked-about new boutique hotel concept in Chicago heading into 2026.