This old pile has more character than all the other hotels in Los Angeles put together. The staff are friendly and dignified, the room was quite comfortable, and the included breakfast is far better than the usual sort of 'free' breakfasts.
There is some noise from the plumbing and adjacent rooms, but it was manageable. There is also noise from traffic and sirens, but this was no more than a typical city hotel.
If you are looking for lodging with character and charm, then this is the place to stay in downtown Los Angeles.