A new Chicago hotel is offering up rooms in the popular River North neighborhood for as low as $24 a night.
Found Hotel Chicago was once used to house single room occupancy apartments, but was remodeled and transformed into a 60-room hotel located on North Wells Street.
It offers private rooms or shared rooms featuring bunk beds, premium mattresses, shampoo, lotion and a TV. The rooms go for as low as $24 a night during the offseason and private rooms go for around $99. The historic building will soon feature Mason restaurant and the Blind Dragon Karaoke Lounge, both slated to open in May.
"We're really geared toward the millennial traveler," said General Manager Dan Heagney. "We wanted to really elevate that hostel experience and turn it into a hotel level."
The hotel is already booked for 1,000 nights, but is still taking reservations, management said..
Those behind the concept include the H.Wood Group and co-founders John Terzian and Brian Toll, designer John Sofio of Built Inc. and real estate partner Ross Walker of Hawkins Way Capital.