Excellent location for me, close to transit. The south waterfront and aerial tram are less than a 15 minute walk. From there hop on the trolly to go downtown. Walk a bit further to pick up the Max.
Be sure to take the aerial tram on a sunny day to see a great view of the city and mountains. If you start at the top, it's free.
The room and bed were comfortable, and the mini-fridge, electric kettle and tea bags were a welcome bonus. The bathroom was large and nicely supplied with organic shampoo and soaps.