Low value, depressing rooms
I was staying for two days in Austin for business and had to take my daughter with us. We wanted to stay at the Omni, but they were booked full for the first night, so we stayed half a block away at the Stephen F. Austin. The front desk and bell staff were suberb -- very personable and competent. The restaurant was overpriced but excellent -- the best queso (with mushrooms!) we have ever had. But our room was, frankly, very, very poor for what we paid. 
As another reviewed mentioned, this is not what I expect from an Intercontintal!
We were in a King room, which was barely large enough to fit the King sized bed. The tiny window gave us a perfect view of the window units of the neighboring building. The carpet was worn and dingy. The only positive thing I can say is that the bathroom was huge -- they seemed to have divided the room in half and made half the bathroom and half the bedroom. In contrast to the depressing bedroom, the bathroom was gorgeous: It had a nice cubby with a beautiful red marble-topped vanity, marble sink top, marble-tiled shower. I found myself periodically escaping the dreariness of that awful bedroom by retreating into the bathroom.
If you want to spend time in a $220+ bathroom, this is the place for you. If you want to spend the night in a clean, comfortable bedroom with a nice view -- avoid this place like the plague.
I travel to Austin several times a year. I will never stay here again.