Palmer House IV
Life Span: 1925-Present
Location: State and Monroe
Chicago Tribune April 4, 1924
BY AL CHASE
Work starts Monday on the $20,000,000, twenty-three story Palmner house, to be the world’s largest hotel—with 2,268 rooms and 2,268 baths. This is sixty-eight rooms more than the Pennsylvania, in New York, at present the largest hostelry. There are several others much contemplated but work hasn’t started yet on any or them.
The new Palmer house also will be the third largest in the world, according to the Palmer estate. The Marshall Field store comes flrst with 2S,000,000 cubic feet: the Equitable in Gotham, next with 24,000,000. and the Palmer will have 21,500,000.
Investment Is $40,000,000.
A total investment of $10,000,000 will be involved in.the Palmer house project. The building, designed by Holabird & Roche, will cost $17,000,000. Furnishings will total about $3,000,000 and the site is valued at $20,000,000. The Northwestern Mutual Life Insurance of Milwaukee, represented by William Scott Bond. has made one of the largest loans ever made in this $17,000,000, twenty years, at 5½ per cent.
Wreckers will begin on the Wabash avenue section of the old hostelry and a complete twenty-three story hotel will be erected without interfering In any way with the western section of the present buIlding. As soon as the first unit is completed the State section will be torn down. It is to have the entire building in by Aug. 1, 1928. The Thompson-Statrrett company, which has the general contract, states that the new Palmer will be erected the Landia award ruling.
Floor for Women.
A feature new to Chicago will be the provision made for women travelers. The fifteenth floor will be devoted exclusively to feminine guests and in addition to sleeping rooms will have a beauty parlor, reception room; library, and writing room, etc.
Another unique feature, it is claimed, is the plan to have stores on the first five floors of the entire State street frontage. A block long flrst arcade will run from State to Wabash. Connecting with it at right angles wlll be a half block long wider arcade extending from the hotel’s principal entrance on Monroe.
The main lobby, offices, and the principal dining room will be on the second floor. The fourth floor will be devoted to two great banquet rooms, with kitchen between. All of the main kitchens will be on the Wabash avenue side. A large lunch counter and grill will be in the basement.
Long a Landmark.
The first Palmer, built by Potter Palmer, was at the northwest corner of State and Quincy and con. 225 rooms. It was wiped out by the great tire. The present hotel was opened in 1873, and with its 700 rooms and imposing architecture was considered one of the country’s greatest structures. Its fame as a hotel gradually spread all over the world. The new hotel will be owned and operated by Honore and Potter Palmer, trustees of the Palmer estate.
The Palmer house statistician has made some flippant but interesting observations IllustraUng the huge size of the new hotel. For instance, a restless guest who insisted on changing his room every morning would be more than six years older when he left than the day he registered. if he tried every room.
If a 21 year old guest who Is a firm believer in the Saturday night rite bathed each week in one of the 2,268 tubs, he’d be 64 years old when he checked out.
Palmer House Under Construction
Palmer House Lounge
Palmer House IV
Monroe Street Entrance at Night
Chicago Tribune June 4, 1925
With Potter Palmer Jr. officiating, the cornerstone for the new Palmer House, State and Monroe streets, was laid yesterday morning. Mr. Palmer, son iof the original owner of the old Palmer house, Chicago’s most famous hotel, put into the hollow of the stone one of the silver dollars that studded the barber shop floor in the old days of the hotel. The original Palmer house was destroyed by the Chicago fire. Another was built in 1874 which contained 700 rooms. The new building will have 2,268 rooms. Its main lobby will be the largest in the country, 120 by 85 feet.
December 20, 1925