
The Drake
Best for travelers who want historic character, afternoon tea, and immediate access to Oak Street Beach and the Lakefront Trail.
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The Drake is a historic 4-star Chicago landmark at the north end of the Magnificent Mile, best for travelers who want classic lakefront rooms and a storied hotel bar and tea service. The Ritz-Carlton, Chicago is a refined five-star property steps from Water Tower Place for travelers who prefer a full-service luxury hotel with a spa and indoor pool.
Updated · about 0.1 miles (0.2 km) apart

Best for travelers who want historic character, afternoon tea, and immediate access to Oak Street Beach and the Lakefront Trail.

Best for travelers who prioritize a five-star hotel experience with a full-service spa, indoor pool, and club/club-room options near Water Tower Place.
When The Drake wins: choose The Drake if you want a century-old, Gold Coast landmark with lake views, classic Palm Court afternoon tea, and direct access to Oak Street Beach and the Lakefront Trail.
When The Ritz-Carlton, Chicago wins: choose The Ritz-Carlton if you want a contemporary five-star hotel with a full-service spa, an indoor pool, and a polished luxury program close to Michigan Avenue shopping.
Bottom line: both put you at the northern Magnificent Mile; pick The Drake for history and lakefront atmosphere, and The Ritz-Carlton for traditional five-star amenities and a hotel spa/pool.
| Category | The Drake | The Ritz-Carlton, Chicago |
|---|---|---|
| Overall vibe | Historic, formal Gold Coast landmark with classic public rooms | Contemporary five-star luxury hotel with refined public spaces |
| Location (Magnificent Mile) | At the north end of the Magnificent Mile; directly across from Oak Street Beach | Steps from Michigan Avenue and Water Tower Place |
| Size | 535 guestrooms and 74 suites | 434 guestrooms (source listing) and multiple suite tiers |
| Ages / family policy | All ages welcome; reservation holder must be 21+ to check in | All ages welcome (not adults-only); reservation holder minimum age: 21 (property lists 21+ at check-in) |
| Pools | No on-site swimming pool | Indoor swimming pool available |
| Restaurants & bars | Coq d'Or (historic bar/restaurant), Palm Court (afternoon tea), Cafe on Oak (breakfast) | Torali Italian-Steak restaurant, coffee shop/cafe, bar/lounge, room service (limited hours) |
| Spa / Wellness | No dedicated on-site spa; in-room massages can be arranged; 24-hour fitness center | Full-service spa plus fitness center and wellness classes |
| Known for | Historic Palm Court afternoon tea, Coq d'Or bar, proximity to Oak Street Beach | Five-star service, spa and indoor pool, very central Michigan Avenue location |
| Parking | Self- and valet parking for a fee (self-parking and valet published) | Valet parking available (surcharge) |
| Walking distance to Lake Michigan | Directly across from Oak Street Beach (3–5 minute walk) | About a 12-minute walk to Lake Michigan (property highlight) |
The Drake sits at 140 E Walton Place at the north end of the Magnificent Mile, immediately next to Oak Street Beach.
Choose The Drake for immediate lake access and a lakeside location at the top of the Magnificent Mile.
The Ritz-Carlton, Chicago (160 E Pearson Street) sits steps from Michigan Avenue and Water Tower Place.
Choose The Ritz-Carlton for a central Michigan Avenue location with easy access to shopping and city sights.
The Drake has 535 individually furnished rooms and 74 suites, many with lake views and some signature suites.
Choose The Drake for individually furnished rooms with historic character and notable named suites.
The Ritz-Carlton, Chicago offers a range of city- and lake-view rooms plus multiple club and suite categories.
Choose The Ritz-Carlton for consistently appointed five-star rooms with a Club/club-lounge option and lake or avenue views.
The Drake's food and drink scene centers on historic venues tied to the hotel's century-long story.
Choose The Drake for classic Chicago hotel dining experiences, afternoon tea and a storied hotel bar.
The Ritz-Carlton, Chicago offers hotel dining with a signature restaurant and bar plus room service (limited hours).
Choose The Ritz-Carlton for a classic five-star hotel restaurant, bar and full-service dining options.
The Drake is notable for its immediate proximity to Oak Street Beach but does not have an on-site pool.
Choose The Drake if you want direct beach access rather than an on-site pool.
The Ritz-Carlton, Chicago provides an indoor swimming pool as part of its recreational amenities.
Choose The Ritz-Carlton for an on-site indoor pool and traditional hotel leisure amenities.
The Drake lacks a dedicated on-site spa but offers a 24-hour fitness center and historic bar nightlife.
Choose The Drake if you value on-site fitness plus historic bars and tea over a dedicated spa.
The Ritz-Carlton, Chicago features a full-service spa, fitness facilities and on-site wellness programming.
Choose The Ritz-Carlton for a hotel spa, fitness classes and evening on-site dining/drinks.

Directly across from Oak Street Beach and the Lakefront Trail — easiest lake access.

Provides a full-service spa and an indoor pool as part of its five-star amenities.

A Gold Coast landmark since 1920 with historic public rooms, afternoon tea and a legendary bar.

Refined five-star rooms, club-room options, and many luxury service features expected at a Ritz-Carlton.
The Drake is directly across from Oak Street Beach (about a 3–5 minute walk); The Ritz-Carlton, Chicago is a longer walk to the lake.
The Ritz-Carlton, Chicago has an indoor pool and a full-service spa; The Drake does not have an on-site pool or a dedicated spa (in-room massages can be arranged).
No. Both properties welcome guests of all ages; reservation holders typically must be 21+ to check in.
Both are excellent: The Ritz-Carlton sits steps from Michigan Avenue and Water Tower Place; The Drake anchors the northern end of the Magnificent Mile with immediate access to nearby shops.
Explore how The Drake stacks up against other hotels nearby:
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