My wife and I stayed in a garden, one bedroom suite. The quality of the suite was very good. The room was comfortable and well appointed and we had a reasonably priced breakfast next to the pool. Staff were helpful - there wasn't a bottle opener but one was sent in 5 mins. There was a coffee maker in the room but no kettle - guys, please get a kettle for making tea! I also agree with a previous comment that there should be a shuttle bus, parking is difficult in Key West and a shuttle bus would be helpful, although taxis are plentiful along Duval St.
I would consider staying again, but I would also look into more centrally located hotels.