It works; just about
The common parts of the hotel (lobby, bars, etc) have been refurbished and were attractive and comfortable. The reception staff are helpful. But, I had specifically asked for a room with a kingsize bed when I had booked over a month in advance and they were unable to accommodate this. They also failed to clean my room on the second day of my stay - I had returned to the room for an hour in the early afternoon and it was not yet made up; and when I came back at nearly midnight, my breakfast tray was still on the unmade bed... 
However, having said that, everything else worked fine. If you need a downtown hotel, at a reasonable price, then this could well be it.