We've been staying in Malmaison hotels across the UK since 1997 and this one (when the refurbishment is finished) will be a feather in their cap.
Our room on the 6th floor was great value for central London and very quiet. Yes, the hotel is being refurbed, and the persistent smell of paint and glue can give you a headache after a while, but this is all transitory and will hopefully be gone by the next time we visit.
It's very well located, just a few minutes from either Barbican or Faringdon tube stations. There are some superb places to eat and drink, again within walking distance if you do want to get away from the paint smell.
If you fancy trying an unusual cocktail, ask for the Black Forest Gateau martini - I first had these at the Leeds Mal and they are superb...but on a 'secret cocktail list', so I'm letting you in on the secret!
We'll definitely use this hotel again when we need somewhere central and good value to stay in London.