Not bad at all, but not one of the world's great hotels
We were in Memphis for a bridge tournament and wanted someplace centrally located and this was our choice.
We checked the reviews before booking and were quite satisfied with our stay. Those reviewers who called it a dump are dead wrong and are probably the kind of people who are who are never satisfied, no matter what. Those reviewers who thought it the next best thing to sliced bread probably have not travelled much. 
The hotel is centrally located, relatively newly furnished, clean and comfortable. The staff were friendly and helpful.
We were, however, surprised that for a "suite" type hotel, there were no dishes, wine glasses, cutlery or anything to facilitate a light en suite lunch or even a take out meal.
The complimentary breakfasts were good and plentiful (toast, bagels, scrambled eggs, sausage, biscuits, waffles, oatmeal, cereals, fresh fruit, juice and coffee).
The parking was just kitty corner at the parking lot in front of the Sleep Inn, next door. You can drive there yourself or get a valet to do it for you. The cost is the same. 
Our car was there for four days & nights and we didn't fear for it. Nor did we ever feel the slightest bit uneasy in downtown Memphis. The police presence is palpable and any thug would be taking his/her life in her hands to try to accost a visitor.
Beale Street was a few block walk away for pretty good food at almost any place on the street. Ditto for Huey's for superb hamburgers and excellent beer.
All in all, not one of the world's great hotels, but certainly a good place to stay.