Would recommend this stay. Wonderful location between Chinatown and Union Square (more of a Chinatown vibe), very close to the giant Macy's, Banana Republic and more. Mostly non-stoppable street parking in front during business hours, but they do offer a discounted parking area you have to buy through them BEFORE you park (I didn't know about that so never got this discount of about $10-$15/day). There are some parking spots for free at night, if you want to risk it. Neighborhood seemed pretty safe, but just like anywhere in SF there were signs of car window glass on the ground within a few blocks, so factoring in a garage might make sense. The place had a smooth check in process that locks up at night with a person there approving entry. Felt safe. Cleanliness was a high standard in room and lobby/elevator. I was very impressed by the cleanliness and new feeling look the palace had, new paint and upkeep. My room was on the 5th floor and had an okay view of city buildings. The room itself was small, 1-2 people max, but seemed perfect for a lite stay (had a bed, small tv with about 5 channels, computer desk, nightstand). No local temp control in room, no fridge, few electrical plugs updated for three prong use... all that was expected, but just wanted to mention in case this was an expectation. Overall the room was perfect, but I did find the mattress rock hard and overly firm... so much so that it brought down the value of the stay. If this place got softer mattresses, it would be perfect. Hate to have to mention it, but it did matter... a mattress is about 70% of a hotel room value and it was so firm as to bother a lot of people's backs. It's the one thing a place can't skimp on because it's so noticeable. Had it not been for the mattress, the value of this place would have been unmatched. It's sleepable, but takes down the value for me. Finally the restroom was very nice (actually nicer than it shows in their pictures): clean, welcoming and bright with upgraded feeling shower, shampoo, faucet, etc.
In summary, it's a great value for the area... extremely well located & overall a strong stay, just be aware of the needlessly hard 1-2 person sized mattress and the parking. Do that and I think the average person will be happy with choosing here to stay.