Just OK
The room looked a bit dated and manky. There were two double beds, but one of them was so soft that you sank into it so only one of them was useable. The wifi didn't work on one of the three days we were there. To be fair they called us and tried to get it working, but on a Sunday the company could not fix it. The hotel worked hard to fill the reception area with tacky Elvis items and there were free Elvis films 24hrs a day on two channels (same film over and over again on the same channel - sad that I know this!).
The breakfast was bad. Very little choice and the seating area was too crowded. The location was great for Graceland (just over the road), but not great for downtown (tip: if you stay here use the free shuttle from Graceland to Sun Studios to get to downtown. In theory you're supposed to have a tour booked, but they don't check..).
The swimming pool was a plus (although we were unlucky with the weather and didn't use it).
In summary, I would only stay here until the hotel gets updated and if you can't find anywhere downtown. That said, it was reasonably priced so if you can't find anywhere in this price bracket then it's fine for a day or two.