This is a fine option, but understand that the location is in a quiet residential area and if you don't have a car, your options for restaurants and such are limited. You can walk to pick up the RapidRide bus downtown, groceries, Thai, pizza and burgers. A little longer walk will get you to a wider variety of businesses in Magnolia.
The room itself could use a little TLC, but everything was as described and it was great to have access to a washer/dryer. We were less enthused about the bed than some other reviewers, but this tends to be a highly personal thing and perhaps we're the odd ones in this regard -- certainly no worse than the bed of many hotels we've stayed at.