I always love Hyatt. We chose this hotel because it was me and my two teenage kids. We all had our own bed, including sofa bed.
Plenty of room, refrigerator, clean, friendly.
We had never been to Chicago, so I think I would have stayed in Magnificent Mile now that I know where things are. Hyatt Place in the Loop is in the financial district and a lot of things are closed on the weekend, and early during the week, as far as restaurants etc.
That being said, this is still a great hotel and reasonable priced. The food options at the hotel are meh, but still overall with all the options off property, the location is walkable to most things and we had a great time!