Cool piece of furniture! It is lighter in color than expected and looks more denim than navy. It is easy to switch between the ottoman configuration and the lounger configuration once you see how to do it. The material is cloth and does not seem to be the most durable, so we plan to keep a cover on it. The skirt around the ottoman has magnets, which help keep it in place, which we also like. It is rather versatile and could work in different areas depending on your needs. It is heavy, so I would recommend having two people move it, especially if going up or down a level. No real assembly required. 
The lounging position is moderately comfortable. Overall decent buy for the price!