In Banff, the hotel rooms are $300+ for one room. We needed 2 beds in two separate rooms, so from that perspective, we were way ahead. ($200 per night versus $600). Plus we got a kitchen to save bucks on breakfast. The decor is dated, and student grade, but it's not awful. I would say it's basic, decent, and clean. The location is fantastic, half a block from Banff ave and walking distance to all stores and restaurants. The internet is slow. It is a wood frame building, so you can hear your neighbours upstairs walking around, or between walls. We were lucky everyone in the building went to bed around 10, and woke up early when we stayed there. Lots of families when we were there. (Sept long weekend).
And you can use the facilities at the Ptarmigan.
If you want to save money, go for it. It's not scary, just basic!

affordable place to stay, nice & clean but it was kinda hot in the room but they provide us with 2 electric fans.

this apartment hotel is a really nice vacation to stay and the cheapest you could book in banff..it has everything! near in downtown and all services..

Seriously, you can't book one of the cheapest private rooms in Banff, with a kitchenette no less, and expect luxury!

My suite had brand new kitchen, bathroom, paint and bedding (as far as I can tell). The bed and linen is the same you get in the Ptarmigan Inn... very comfortable.

The building... the hallways looked abused, the doors to the rooms and inside the rooms looked original and in need of replacing. The walls are fairly thin, you can hear a lot of movement and conversation from the fellow guests.
Unfortunately as well, there were two rooms of rowdy idiots having a party weekend on the floor below us. A call to the front desk quieted things down, but getting any sleep before 11 (the start of quiet time) was impossible.

I liked the convenient location, and the price, but will likely spend some extra money next time in Banff to stay at the Hidden Ridge Chalets, which are owned by the same company I believe. Much more quiet!

If you are young, budget conscious, and/or don't mind a bit of noise... Rundle Manor is perfectly fine.

I stayed there for Banff Bike Fest and there seemed to be quite a few other cyclists staying there as well. Put all the cyclists in one building next time and the partiers in the other!