We stayed here for the Thanksgiving weekend and booked via Priceline "name your own price". Consequently, we had a very pleasant stay at a reasonable rate.
Room was clean and good size. Excellent bed/ mattress and it is a quite property.
Hotel is just a short 6 minute walk to the King Street Metro stop - very convenient. However, although it is technically in "Old Alexandria" this is really a business hotel in a new business park complex that exists unto itself and is not what one would consider Old Town. Except for a Starbucks around the corner, all the shops are open only M - F and do not stay open much past 5 pm quitting time.
They do offer a shuttle to the area (we never used it) but the hotel is a good 20 to 30 minute walk to the heart of King Street district.