Third hotel
The current Palmer House was built in the early to mid-1920s. By that time the business in downtown Chicago could support a much larger hotel, and the Palmer Estate hired Holabird & Roche to design a new 25-story facility with well over 1,000 rooms. Between 1923 and 1925, a new structure went up on the same site.[9]
In December 1945, Conrad Hilton bought the Palmer House for $20 million (equivalent to $ in ), thereafter known as The Palmer House Hilton. In 2005, Hilton sold the property to Thor Equities, but retained management through the Hilton chain.[10]
The architecture firms of Loebl Schlossman & Hackl and David Fleener Architects completely renovated and restored the hotel between 2007 and 2009.[11] The total cost was over $170 million (equivalent to $ in ).[12] The hotel has a total of 1,639 guest rooms, second in the city only to the Hyatt Regency Chicago.[13] It has recently had its name adjusted to Palmer House - A Hilton Hotel.
Entertainers who have appeared at the Palmer House's Empire Room have included Frank Sinatra, Judy Garland, Liberace, Ella Fitzgerald, Maurice Chevalier, Lena Horne, Nat King Cole, Louis Armstrong, Harry Belafonte, Sammy Davis Jr., Peggy Lee, Carol Channing, Bobby Darin, Jimmy Durante, Sonny & Cher, Liza Minnelli, Dionne Warwick, Sophie Tucker, Tommy Dorsey, Phyllis Diller, Lou Rawls, Shep Fields (1930s) [14][15] Dick Gregory (1963), Frankie Laine (1963), Josh White (1966), Tony Bennett (1968), Florence Henderson (1968), Donald O'Connor (1971), Jerry Lewis (1971), The Supremes (1971 & 1972),Jane Powell (1972), Lorna Luft (1972), Trini Lopez (1973), The Lettermen (1973) and many others.
The hotel closed in March 2020 due to the COVID-19 pandemic. In August 2020, Wells Fargo filed suit against Thor Equities for defaulting on a $333 million commercial mortgage (equivalent to $ in ).[1][16][17]
The hotel reopened on June 17, 2021, following a series of upgrades to its interior, including a renovation to its indoor pool.[2]