I stayed in this hotel for business. I selected it because of the price point and location. Upon arrival, I couldn't figure out where to park. I finally found a parking garage behind the building. I later found that this was the hotel's garage (until 06/01/09). I had to go up to the fifth floor, despite the garage being empty, because all of the spaces were reserved. I found an entrance to the hotel on the 3rd floor, but it was locked. I had to go outside and walk around the garage with my bags -- it was pouring rain.
The front desk was efficient and had me set-up for zip check-in. I was on the 11th floor. There were several elevators, so it was easy to navigate. The room had a king bed, a working desk and comfortable working chair, and small upholstered chair with ottoman, a hutch with a microwave and fridge, and a desser with a 42" flat screen television. The bathroom was a typical set-up with a sink, toilet, and tub/shower combo.
My biggest complaint was the loud, AC unit. The choices appeared to be "off" or "on" -- no automatic. It was hot, so I ended up having to let it run all night...although the noise was bothersome.
The carpets and bathroom were clean; and the furniture was in good shape. There were several lamps, and the light was sufficient. There was free (but slow) wi-fi access; and pay wired broadband access.
The property appears to have a pool and fitness center, but I didn't use either. For a buisness traveler on a budget, who needs a clean room with a comfortable place to work, in the Monument Circle business district, this is a good choice.