You have a ton around that area.....Michigan Mile is in walking distance...So is Millenium Park and the "bean" ...you can also walk to Navy Pier but it will take you some 20min or so....
You have Harry Carry's, Mortons, Sullivans etc all close by....and that Hotel is right next to the river so you can watch the river traffic too.
The Hotel from what i hear from friends is very cool too.