It was okay. Not great, not terrible. It certainly doesn't hold up well in cold weather. It dropped into the 20s and 30s while we were there, but I don't think that's going to be an issue for most people.
The beds were rock hard, and the third bed is a super uncomfortable futon. My back still hurts.
Location is pretty great. We walked to the quarter most days, but most people told us not to walk there at night.
Also, the pipes froze because of the cold and we didnt have hot water. But, like I said, most people wont ever run into that issue in New Orleans.