theWit Hotel Chicago - A DoubleTree By Hilton

What theWit Hotel Chicago - A DoubleTree By Hilton does

theWit Hotel Chicago is a privately held, 310-room Four Diamond boutique hotel operated under the DoubleTree by Hilton brand within the Hilton Worldwide Holdings portfolio. Located at 201 North State Street in Chicago's Loop theater, arts, and shopping district, the property sits at the iconic State and Lake intersection 27 stories above downtown. The hotel serves three primary customer segments: business and leisure travelers seeking upscale accommodations, corporate and event planners using the 13,000 square feet of meeting and event space, and wedding parties utilizing dedicated ceremony rooms and rooftop venues.

The property's product mix spans guest rooms and suites (including Spa King, Luxury Junior Suite, Luxury Spa Suite, and the Paramount Suite), two signature food and beverage outlets (ROOF rooftop bar with a retractable climate-controlled roof, and State and Lake Chicago Tavern), Spa@theWit on the 5th floor, a 24-hour fitness center with Peloton, in-room dining, and 24-hour valet parking. Technology infrastructure is hospitality-standard: Hilton Honors Digital Key for contactless arrival, built-in AV in meeting rooms, and integration with Hilton's global booking and loyalty platforms.

Revenue is generated through nightly room rates (varying by season and availability), food and beverage operations (restaurants, banquets, catering), meetings and events, spa services, and valet parking. The hotel operates a mandatory daily destination charge bundling WiFi, a $25 F&B credit, and a $25 spa credit, which functions as an ancillary-revenue pricing lever. Distribution runs through the hotel's direct website, Hilton.com, the Hilton Honors loyalty program, OTAs, and dedicated corporate, group, and wedding sales teams. The property is part of Hilton Worldwide Holdings Inc. (NYSE: HLT), though individual hotel financials are not publicly disclosed.

Name

theWit Hotel Chicago - A DoubleTree By Hilton

Legal name

theWit – A Hilton Hotel (operating as DoubleTree by Hilton)

Website

https://thewithotel.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

theWit Hotel Chicago is a privately held, 310-room AAA Four Diamond boutique hotel operated under DoubleTree by Hilton in Chicago's Loop, serving business and leisure travelers, corporate event planners, and wedding parties across guest rooms, F&B venues (ROOF rooftop, State and Lake Tavern), 13,000 sq ft of meeting space, and Spa@theWit.

Ownership category

akta.pro rank

Product category

Boutique Hotel Hospitality

NAICS

Hotels (except Casino Hotels) and Motels (721110)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Urban & Downtown Full-Service Hotels (THAGAAAA)

akta.pro secondary industries

City/Urban Convention Hotels (THAGALAA), Boutique Resorts (Small-Scale Resorts) (THAGADAJ)

Keywords

• Boutique hotel accommodations
• Meeting event spaces
• Rooftop bar dining
• Wedding venue services
• Hotel spa services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Guest Room Accommodations: The hotel generates primary revenue from 310 guest rooms including 36 suites, offering various room types from Classic Rooms to the Paramount Suite. Revenue is generated through nightly rates, with pricing varying by season and availability.
2. Food and Beverage Operations: Multiple dining venues including ROOF rooftop bar (rated Hotel Bar of the Year), State and Lake Chicago Tavern, in-room dining, and Taste of theWit monthly wine dinner events.
3. Meetings and Events: 13,000 square feet of meeting and event space including uniquely designed rooms named after wits of our time, ballroom space, and private event venues for weddings and corporate events.
4. Spa Services: Spa@theWit offers spa services on the 5th floor with treatments and packages. Daily mandatory destination charge includes $25 spa credit for services over $100 Thursday-Sunday.
5. Valet Parking: 24-hour valet parking services at various rate tiers including overnight ($86), hourly, and event rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

theWit Hotel Chicago is a Four Diamond boutique hotel in Chicago's Loop district offering 310 guest rooms (including 36 suites), food and beverage venues (ROOF rooftop bar and State and Lake Chicago Tavern), 13,000 square feet of meeting and event space, Spa@theWit, wedding venues, and valet parking. The property operates under the DoubleTree by Hilton brand within the Hilton Worldwide portfolio and participates in the Hilton Honors loyalty program.

Product overview

theWit Hotel Chicago is a Four Diamond boutique hotel located in Chicago's Loop featuring 310 guest rooms with 36 suites. The property operates as a multi-sensory experiential hotel combining accommodation, food & beverage (ROOF rooftop bar and State and Lake Chicago Tavern), 13,000 square feet of meeting/event space, Spa@theWit, and fitness facilities. The hotel is part of the Hilton brand and participates in Hilton Honors loyalty program, offering Digital Key for contactless arrival. Additional offerings include curated packages (Theater Package, Park & Stay, Green Line), in-room dining, valet parking, and wedding venues.

Differentiator

Problem solved

Functional benefit

Brands

• ROOF on theWit: Rooftop bar and lounge located 27 stories above Chicago, featuring hand-crafted cocktails, cuisine, and retractable roof with skyline views. Rated Hotel Bar of the Year by Nightclub & Bar Awards and Top 3 Rooftop Bars in the World by Travel+Leisure.
• State and Lake Chicago Tavern
• Spa@theWit
• Taste of theWit

Products and services

• Guest Rooms and Suites 310 total guest rooms including 36 suites featuring Classic King/Queen rooms, Spa King Guestrooms, Luxury Junior Suites, Luxury Spa Suites, and Paramount Suites. Rooms feature warm earth tones with original artwork, spa-inspired bathrooms, floor-to-ceiling windows, and in-room amenities including Nespresso coffee makers, mini fridges, and laptop-sized safes. Targeted at business and leisure travelers visiting Chicago.
• ROOF Rooftop Bar

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Hilton / Hilton HonorscoreChannel Partner/ Reseller/ DistributortheWit is operated as 'A Hilton Hotel' and is a member of Hilton Honors Rewards program. This partnership provides global distribution through Hilton.com, loyalty program infrastructure, Hilton Honors member benefits, and integration with Hilton's booking and digital key platforms.

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Palmer House Hilton: Iconic historic Hilton-branded full-service hotel in downtown Chicago with comparable room count, F&B outlets, and large-scale meeting/event space — directly overlapping with theWit's customer base in the Chicago Loop.
• The Drake Hotel (Hilton): Four Diamond Hilton-branded historic luxury hotel on Chicago's Magnificent Mile with comparable urban luxury positioning, multiple F&B venues, and strong event/wedding business — closely comparable to theWit.
• Hyatt Regency Chicago: Large-scale downtown Chicago full-service hotel with extensive meeting space and rooftop dining, competing directly for the same group, corporate, and leisure demand in the Loop and near-North submarkets.
• JW Marriott Chicago: Luxury full-service hotel in Chicago's Loop with comparable event space, spa, and F&B offerings — directly competes with theWit for premium business and leisure travelers.
• Hilton Chicago: Major Hilton-branded convention and event hotel on Michigan Avenue with very large meeting space, sharing the Hilton Honors distribution network with theWit and competing for similar group business.
• Kimpton Hotel Monaco Chicago: Boutique-style luxury hotel in downtown Chicago with design-forward rooms, rooftop bar, and event venues — directly comparable in positioning, guest experience, and target customer to theWit.
• The Westin Chicago River North: Full-service downtown Chicago hotel with comparable meeting/event space, F&B outlets, and a strong corporate travel base — competing head-to-head for Loop-adjacent business travelers.
• The Gwen, a Luxury Collection Hotel: Boutique luxury hotel on Chicago's Magnificent Mile with design-driven rooms and rooftop dining, comparable in guest profile and experience-led positioning to theWit.
• Loews Chicago Hotel: Full-service luxury downtown Chicago hotel with substantial event space and F&B venues, serving a similar mix of business and leisure travelers as theWit.

Broad incumbents

• Hilton Hotels & Resorts (Brand): Parent brand and franchisor of theWit, providing the loyalty, distribution, and brand standards infrastructure on which theWit's competitive position depends.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thewitchicago
• Facebookfacebook.com/thewitchicago
• Instagraminstagram.com/thewitchicago
• LinkedInlinkedin.com/company/thewit-hotel-chicago---a-doubletree-by-hilton

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about theWit Hotel Chicago - A DoubleTree By Hilton