We stayed here for 3 days in August 2012. The room was a bit dated, but the bed was comfortable, there was an LCD TV with cable, Free Wifi, and we slept well each night. The Free parking was also nice, but you have to make sure your car is in before it gets too late, otherwise the parking spots seem to get filled. The hot tub in the hotel is particularly interesting, as it is fashioned to feel like you are in a cave that opens up to the sky through the middle of the building's open court. It was pretty neat when it rained!
As all things in Banff, the room prices were expensive. However, we thought it was basically par for the course in that respect. The Hotel is located out of the town center, but it only took 15 minutes to walk downtown. The restaurant at the hotel (Chilly's) has decent food, but we found the portion sizes really small for the price.