The downtown location is fantastic as is the hotel. The only downside for me is that there are a number of student watering holes near by that can stay raucus late into the night.
People like low prices in high-priced town. Has charm of a historic bldg but is right on city streets. Results: no modern HVAC or insulation, noisy, rooms without private bath. Few of the usual hotel services. You get what you pay for.