Fun Place, Sparse Ikea Type Rooms
For the $250 a night price tag I was expecting a Las Vegas type room but instead was greeted by a room with an Ikea Apple contemporary, minimalist style type room with a bed on the floor. We're talking no side table and really not much of anything in the room other than the phone on the floor and a pad of paper. The bathroom is surrounded in see through glass so basically it's not a place you'd go with a buddy or your family unless you all had your own room. If you don't draw the curtains on the shower you'd also be able to see your significant other on the toilet (not exactly something people want to see in their hotel room). 
I would describe the hotel as an interior designer's LSD dream or something. There's an eccentric flamboyant video mural of an African American man doing interpretative dance as you await your elevator to your room. When you sit in the lounge area you sit on a giant plush couch with shag type rugs you'd expect to see in an Austin Powers flick and some song lyrics with nonsensical words streaming up the wall on a digital sign. The general hotel staff wasn't very professional or organized. I was kind of shocked to see one of the cleaners in the hall cleaning so I kind of wondered if they were very nice to the staff. 
The rooftop bar area is nice and a great place to hang out. The restaurant even better and well under priced for the great food provided. The restaurant staff downstairs was so friendly and my friends reminisce of the Fois Gras burger we decided to try after indulging in drinks on the roof top bar. If you're having a conference the layout is absolutely bizarre with a super narrow presentation room which makes it near impossible to see anything from the back of the room even for a guy with 20/20 vision. An event organizer joked and described the place as a pickup bar. I recently saw the hotel in, "Get Him to the Greek," which is definitely a party location.
All in all, I will always remember the Standard Hotel but I am not sure I would go there for anything other than fun as it's hardly a practical location for the typical business man. It was pretty lame that they wanted to charge for everything from parking to wifi in addition to the $250 a night.