I was wondering when Chicago would get a Waldorf. My own opinion was that the perfect thing to do would have been to renovate the Drake and make it Chicago's Waldorf.
On a related comment, I have a friend who works at the Peninsula in Chicago and the GM was in a tizzy several weeks past when the Elysian was ranked higher than the Peninsula in some survey. She (the GM) announced that she would be staying at the hotel for a few nights to get to the bottom of "the problem."