If you book using points, you will get your elite benefits
If you book through Chase, you will not. It is considered an ineligible rate, as are most hotels booked thru the portal.
The requirements were changed with the WOH, no benefits are applicable.
In-hotel Benefits are provided only where, for the applicable night, the elite Member (a) has paid an Eligible Rate or (b) has redeemed a Free Night Award, Room Upgrade Award, or Points + Cash Award. In the event that an elite Member is staying under an Ineligible Rate (other than as part of redeeming a Free Night Award), (s)he will not be provided any In-hotel Benefits for that stay.
Link to the TOS:
https://help.hyatt.com/en/hyatt-term...terms.html#/VC
Item 2, a)