I just returned from a 4 night stay at this location and below is my experience:
Pros
Location is great! I could walk to my conference in less than 10 minutes and most of my destinations (restaurants, bars, activities) were a short walk or uber drive away.
The room was very spacious. One bedroom was on the first floor next to the kitchen and living room and the other two rooms were on the second floor with the bathroom.
The room had a balcony with a chair.
The wi-fi worked great!
They offered bag drop, which was very convenient!
Cons
The first room we stayed in smelt heavily of cigarette smoke, like it was in the walls not from a previous guest. My friend and I were both bothered by the smell so much so that we reached out to the owners and they graciously moved us to another room for the remainder of our stay.
There was street noise that could be heard on the higher floors at all hours of the night. I live in a major city and still woke up to the noise. The place does have ear plugs for guests.
The street is densely populated with homeless people (expect to see this all over Austin, not just in this area). They won’t approach you, but they do reside very close to the building.