Read the small and very hidden print! NO cancellation at all possible during the Olympics in venere.com for this hotel IN SPITE OF BIG ANNOUNCEMENTS TO THE CONTRARY! Complaint already filed because of misleading and deceptive advertising. Venere's response to this day most unsatisfactory:-(((

Because of the word "economy" in the name I was not expecting too much but was pleasantly surprised. The room was quite clean and well equipped, although certainly not "luxury." The decor is very modern and, while the paint could use a bit of touching up here and there, made overall a good impression. We had a duplex room, which I guess means a sleeping loft upstairs, which anyway is what we had. Our children slept on a fold out couch and rollaway cot downstairs. The reception is about half a block away from the actual apartments but if you know this in advance it isn't terribly inconvenient; I've walked farther in big hotels and resorts.

The stand-out feature for #13 Inverness Terrace is its close proximity to two Tube lines at Bayswater and Queensway. The staircases seems to have been recently recarpeted, and the hallway/staircase looks fairly nice although there was some construction equipment (e.g., ladder) in the hallways. It was rather off-putting to find signs like this in the hallway: "Do not put clothes in the toilet...." And "Don't leave rubbish in the hallways." There was no real sense of hospitality, which shows in the signage. The laundry room (washer/dryer) was also poorly signed; it noted 2 pounds for 30 minutes of wash, but then didn't explain that the washer requires much more time than that.
The bed was firm, and there was adequate closet and storage space. Wireless internet was very reliable. In the studio, there is a small dining table and two plastic chairs. There is no artwork whatsoever or any decorate pillows to give the room a brightening effect. The kitchen was adequate although the lack of markers on the range/oven (hob) made cooking rather mysterious and trial & error. The dishware and cutlery were sufficient although barely. No Tee towels, so we bought one as well as paper towels. We also had to purchase toilet paper as it was not readily supplied. The TV was adequate although it is hung fairly low on the wall, and it's easy to run into as a result. The bathroom is small. There is no elevator, and our room was on top floor, so it was a hike with or without suitcases.
Our main complaint, though, was that we had booked through London Choice, which did not send the credit through, and as a result, we paid twice for the studio, even though London Choice's agent when called, promised an immediate refund. In spite of daily communication, no refund was forthcoming.
Queensway a block over has a lot of grocery stores (recommend an inexpensive flower bouquet to brighten the room!) and ethnic restaurants (again adequate but not extraordinary). Several of the businesses note that "professional bag thieves operate in this area," so do be warned about the neighborhood, which is mixed--can be very nice and also touristy (which attracts thieves).
In sum, if minimalist accommodations are okay, then this studio could be adequate.

I won't waste time writing all the awful things about this place, just don't stay here. Briefly; everything was horrible. The reception guy, the entrance to the apartment building, the room itself, the corridors, the area, the noise, the smell....don't waste your money or your time. We had booked 2 nights and checked out after the first night when we'd found a decent place to stay. Very, VERY disappointing.