I stayed here back In December after a recommendation from a friend who lives nearby. Its not centrally located, but via buses etc you can get into town in 15-20 mins. The suburban feel is nice, and you walk to the Alberta arts district pretty easily. Plenty to see and do right on your doorstep!
The building itself is a school conversion. It maintains the look and feel of just how it was when it was full of kids. I think its a triumph. Too often old buildings are displaced with new, more profitable interpretations but this stays true to its routes while also providing guests with novel angle on a place to stay. I understand there's a modern annexe now, but it wasn't open when i was there. I also think it means that the local community don't feel too detached from it. As such, those living nearby are allowed to use the soaking pool and of course all the other fantastic facilities such as the various restaurants, bars and cinema (which i enjoyed twice FOC)
My room was an old grocery shop. Big windows, warm, large space, weird chalk boards everywhere. No tv, which was good and bad in both ways.
I think the hotel represents a great attempt to be a bit more than a place for transient people. It always seemed full even when the rooms perhaps weren't. They've worked hard to create a destination, and that will have consequences to guests and locals alike, but for me it works really well and i'd love to see something like it in the UK.