Yes, indeed!
Well, almost. Take the Orange line train from the airport to Randolph/Wabash stop, and then either take the 5-minute $5 cab ride to W LakeShore or walk either to State Street or to Michigan Avenue and take one of the buses that go to Navy Pier. The hotel is on LakeShore drive just by Navy Pier. The cab option from the El stop is the best, especially if you have luggage.
Welcome to Chicago!