NOT downtown, unsafe location, hotel is run down
First off, don't let the hotel's name mislead you. This hotel is not downtown. In fact, it's located in *the hood*. Try walking down Colfax and see how safe you feel...not a good location at all.
The hotel does provide a shuttle downtown, but it's only once an hour and you must make reservations an hour in advance. Not particularly useful for leisure travelers. The #15 bus does stop right across the street, and the drivers are friendly and helpful.
It's obvious that the hotel hasn't been renovated in quite some time. The rooms, hallways and elevators all look about 30 years old at least. Rooms are fairly run down. Free WiFi in all guest rooms. Staff was friendly.
There was a party downstairs one night, and you could hear everything from the room. It was impossible to sleep.
Beware that the hotel charges a $20 fee if you want to check in before 3pm. I've never heard of this before. All other hotels are more than willing to check you in early if they have rooms available. They also charge $20-30 for late checkout, depending on the day of the week.
Pay the extra $25 and stay somewhere that's actually downtown. Avoid this hotel in the hood like the plague.