Don't be misled by the 4 star rating on TA...
I am shocked that this hotel has such a high rating on Tripadvisor, and it was part of the reason that I chose it. I'm a frequent traveler, and I don't find myself to be picky....I also lived in Belltown a few years ago, so was familiar with this area of the city...and I was very disappointed in my stay. 
Pros: 
-Walking distance to downtown, waterfront, Belltown restaurants 
- Cheap relative to other downtown hotels
Cons: 
- Rooms are small with little ventilation, dirty carpet and funky smell
- No wifi
- No A/C so very hot during warmer days
- Limited parking on site, so if you have a car you may end up parking in a bad area in a pay lot next to what appears to be a homeless shelter
- High volume of sketchy tenants at the hotel...as a female I was creeped out here
- Very bad corner of town....I lived in Belltown a few years back, and I recall that there are a few blocks you should steer clear of. This hotel is right in the middle of the bad area you should avoid. There are prostitutes, drug dealers, homeless people all over the place that approach you. You hear police sirens constantly. As a female I was VERY uncomfortable at this location. You can quickly walk through it and get to a better area of town, but there is really no way to avoid walking a few bad blocks first. I would not walk around there at night. 
- VERY noisy in the rooms facing third avenue. The room is not well insulated and I heard traffic, police sirens & noise from the street even with window shut. Keeping the window shut also made it hot/ stuff since there is no A/C. 
Anyway, I am not a picky traveler and I don't need to stay in a high end place. I am usually okay with sacrificing some quality if a hotel is in a good location and more affordable. This place, however, was hot, smelled & in a bad block of town that I would recommend staying away from.