Our family of four (two adults, two late teenagers) spent a week here in two rooms on the top floor (of three floors). This was our base for sightseeing LA, after a few days at Annaheim and a day trip to San Deigo. The location is perfect for Universal Studios, Hollywood boulevard, and is close enough to downtown LA, Beverly Hills and Santa Monica, Getty Museum for trips further afield (we had a hire car for our time in LA, which we would recommend).
The suites were clean, very roomy and well appointed, if a little dated, with good sized kitchens if you want to prepare your own food. The walls are thin, and you'll probably hear your neighbours from time to time. The wifi is a little irregular in the rooms and in some spots you couldn't connect. Car parking is underground (access via a lift from your floor) and was US$10 per day. Check-in and service during our stay was outstanding - very friendly and helpful. The breakfast is great: croissants, bagels, spreads, fresh fruit, coffee, juices, cereals and came with very friendly service.
The hotel is two minutes walk from the Chinese Theatre, Dolby Theatre, Hard Rock Cafe, and everything the Boulevard has to offer (which might not be as glamorous as you expect Hollywood to be, compared to Rodeo Drive and Santa Monica).
We would definitely recommend Orchid Suites for those wanting a base in central Hollywood.