This is a real treat! I was happy with the price, and additional discount for opening credit card with Wayfair. The chair arrived in just few days, perfect condition, delivered by FedEx at the door. It is heavy though, be careful.
We took our time to assemble, about 3 hours, not difficult, instructions are good. I had a splendid lounge after wards and a glass of bubbly. I agree with other reviews that it would be easy to fall asleep in it. Looking forward to daily rests, watching sunsets.
Be cautious going up and down, and note that it is not a swing, but it does rock a little bit, just enough to be pleasant. 
It will stay on the lanai under roof.
I don’t like the red, it was less expensive though . I plan on getting a nice outdoor fabric from Jo’Ann and sew a cover for the cushion and even for the canopy.
I do recommend it. Enjoy!