That Travelodge is an old property and not a particularly good option in my opinion.
On HOTWIRE, I'm seeing:
3* HOTWIRE Theater District - Loop for $124
==> Best guess for this would be the Hilton Garden Inn North Loop. While unfortunately more than what you were hoping for, I think it's a better value for the money than the Travelodge for $90, plus also puts you at a better location, nicer/newer property, etc.
I'm very familiar with Chicago and happy to answer any questions.