Fantastic service, good location, but a bit pricey
The level of service at this hotel is absolutely fantastic. Everyone we encountered was helpful, friendly and efficient. The valet and porter worked quickly to unload the car, and our bags were brought to our room within minutes of checking in. The day we left, we called about ten minutes before to have our car around and it was there within five. 
The room itself was average. Clean, not too small, but not large either. We had requested a two doubles but there wasn't a room available, so our room had a king instead. The front desk immediately arranged to have a rollaway brought for our daughter during the check in process. It made the room a bit cramped, but we could work with it. 
The bathroom was a bit cramped and dark. The sink had a large counter, good for spreading out toiletries, etc. However, the toilet and tub area was extremely small. Lighting could be improved in this area. 
The only other downside to this hotel is the extra charges for certain things. Valet parking seems a bit steep at $32 a day, but this includes in and out privileges. I suppose it's not too bad when you consider self parking is $27 for anything over two hours and doesn't include in and out. We did see a garage a block down the street advertising $20 a day if you want to walk a short bit. There was also a $10 a day charge for internet access, but we did find that the first hour is free, which allowed us to check email for the three nights we were there.
The location was great. Lots of restaurants within walking distance, easy access to a mall and other shopping. This hotel is also located right next to the convention center, which would be great if you have an event there.
Overall, this is a great place to stay. Convenient, friendly service, easy access to most of downtown Indy. Just keep in mind that this is not a hotel for those on a tight budget.