I'm used to getting bargain rates at old grand hotels in cities, and finding them sadly deteriorating, and located in no-longer-desirable locations. I got a bargain rate here, and expected the same, but found the public spaces and my room in great shape and looking glorious. And the location, central and right at a BART (rail system) station, is terrific, not only for business and sightseeing in the city, but also for catching an early morning flight, or arriving late at night.
I read in some other reviews complaints about the lack of a view from some rooms. It's a hilly city, and this is at the bottom of the hills, so there's nothing to get a view unless you were in a much taller building or on the water. Agreed, don't stay here if you are looking for a view, but hotels with views won't be as central and easy to get to.
I do agree with the complaint that the soundproofing between rooms could be better. I could hear my neighbor sniffling at night. I think it was just the door that can join the two rooms into a suite that wasn't soundproofed well. That would be worth fixing.
Note that although they don't have coffee in the rooms and breakfast is pricey there is free coffee in the lobby, or at least there was when I was there.