Good enough if you don't plan on spending time in the hotel
My husband and I stayed here for a Memphis weekend with a couple of friends. The room was ok and seemed clean enough. We had MAJOR problems with our toilet ALL weekend and they never fixed it. It was unusable about 50% of the time. And that was with my husband fixing it. We should have demanded to switch rooms, but they kept promising to fix it and we spent most of our time outside the hotel. I had to use the lobby bathroom most of the trip. There was actually water SHOOTING OUT of the tank when we tried to see what was going on in there. 
Other than the lack of maintenance the staff was friendly and helpful. They always called cabs for us and gave some restaurant suggestions. 
The pool looked gross and we didn't use it. 
Breakfast in the morning was standard continental but delicious! The omelets were good and so were the biscuits. 
We spent most of our time downtown so this was an ok hotel. It is about $10-$17 (2-4 people) to take a cab to Beale Street from the hotel. Glad we stayed here so we could spend our money elsewhere, but if you are looking for a really nice hotel, stay downtown.