Only stay here if you're willing to compromise...
Unfortunately, the negatives really outweigh the positives at this hotel. Some people may be ok with these issues and the price is quite good for the location but come prepared. My wife and I stayed here at the end of August for 5 nights while I was in town on business. My meetings were 1 block away and I booked the hotel on the Starwood site as it was the closest property to the meeting locations. 
On the plus side, the staff are for the most part helpful and friendly but they know how run down the place is. They appear to be doing their best to keep a sinking ship afloat. 
Hotel rooms had a really awful smell and nowhere near the usual starwood chain standards. We asked to see a second room but the smell was still there. We stayed on the 14th floor and had to take the stairs quite a few times when the elevators weren't working. Ok for me as I like the exercise but I have to imagine that many would not. Additionally, the room we stayed in was quite dirty and some areas look like they hadn't been cleaned in many months. Oh and the safe didn't work but it did make a loud beeping sound all night long. 
My wife is pregnant and the smell of the room was really overpowering for her. After checking in and seeing the condition of the room (and then seeing a second room which was no better), I spoke to the manager and asked about changing hotels. We had unfortunately booked a prepaid rate for the 5 nights and although I was willing to walk across the street to the Westin and pay last minute rates of $150/night more, I was informed that this wasn't possible. 
In the end, we stuck it out but I certainly won't plan to stay here again and will do my best to let everyone know what they're getting into if they plan to stay here. As I said above, some might be ok with the hotel's condition but be prepared....