I can only repeat what others have said...this is a professionally operated hotel with top notch amenities, attention to detail, and surprising touches which set a new benchmark for the region.
Considering what you get, the room rates are very reasonable - you can spend a bit less, and settle for what you might expect in rural Wyoming, OR you can pony up (!) a few more $$$'s and be spoiled for every other hotel/motel you might stay at!
The Ivy is a hotel, firstly...there's no free crappy breakfast - instead, there is an on-site restaurant which serves breakfast, lunch, and dinner in some very classy digs. The food is good (not great, but I'm told they're working on that) and the 8th Street Restaurant is certainly worth a visit.
Rooms are a breath of fresh air ... literally, they have patio's or balconies, quiet air conditioning, thick mattresses, superior linens, flat screen TV's, a REAL desk and dresser.
New features, such as a panel to turn off the doorbell (!) or tell housekeeping not to bother you are quick to learn and use. I won't say anything about the bathrooms...you'll just have to visit!
If you are visiting Cody or the surrounding area, the Ivy is a must!!
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