Conrad Chicago hotel rooms for $11.14 a night sell out

CHICAGO (WLS) -- A Chicago hotel celebrated its one-year anniversary by offering hotel rooms at a heavily discounted rate.

Conrad Chicago at 101 East Erie Street in River North offered a one-night stay at a rate of $11.14. Guests could book a room at that rate beginning at 11 a.m. Tuesday. The deal sold out in about an hour.

The deal was good for stays from November 15 to March 31. There were a few blackout dates: November 24 to 29, New Year's Eve, and January 21-22.

Only three rooms were made available at that rate per night, according to Conrad Chicago's website. Once the three rooms were sold out for a particular date, a secondary special rate of $111.40 was also available for a Superior King or Superior 2 Queens for the same stay period.

A percentage of the proceeds from the sale will benefit Youth Guidance, a non-profit organization that creates and implements school-based programs that enable at-risk children to overcome obstacles, focus on their education and succeed in school and life.

UPDATE: As of 12 p.m. on November 14, the promotional rate of $11.14 has sold out. Conrad Chicago said it is still offering an additional promotional rate of $111.40 that can be reserved online here.