Good location but prepare to pay more.
Listel is located in the heart of downtown Vancouver. It is a nice hotel but I did find some problems,
1. They only have valet parking ($25 a day, so if you have a car there it could get expensive really fast)
2. Room we stayed in had a queen size bed for 2 people and was rather small compared to a standard hotel room.
3. Room needed some repainting and remodeling altought the fixtures were quite artistic.
4. No complimentaly breakfast, not even a cup of coffee in the lobby area.
5.Wireless access is $10 a day (most hotels now a days provide complimentary wireless web access)
6. Also, they had lots of goodies in the room, like chocolates, chips, juices, water and blah blah blah, almost like a sales counter on a rack in the room. The water bottle was like close to $6, you can imagine the prices of other stuff (People with kids will specially have a hard time, so prepare to spend some more money)
The hotel itself is nice and the service is wonderful. I would give them a rating between 2.5 to 3 stars.
Have fun in Vancouver, its a nice place and we really liked it.