We stayed here three nights in late August 2013, and really liked it. On arriving, it seemed a little smaller than the photos, but the longer we stayed the more perfect it seemed (and the more the photos seemed to capture it). It is really well designed and furnished, and has an artsy Portland style that we grew fond of.
Very comfortable, with one caveat: if you have a bad back the pillow-top mattress might not be your favorite part. There is a sofa-bed, but we didn't try it.
The neighborhood is great, just a couple blocks from lively Alberta Street, with great restaurants and shops. We never got to meet Penelope, but she was very responsive to our text messages. Great place to stay in Portland.