Really wonderful historic (1926) hotel; I've been wanting to stay here for awhile based on all the positive reviews. Great location, right across from the fabulous ferry building, and the bay view rooms have amazing up-close views of the bay - you feel like you're almost on the water. Apparently, before the 1989 earthquake, the view was just a wall of cement, but after the Embarcadero Freeway was torn down, it now has a beautiful view of the Bay Bridge.
The room was cozy (i.e., not very large), but just fine for 1 night w/ super comfy bed, animal print bathrobes (fun), and practical desk. They have free WiFi, free happy hour wine, and evening cookies, and free coffee in the morning starting really early (nice touch); also use of the top-quality YMCA next door w/ huge swimming pool (thought it was free, but it's $10). Definitely recommend, especially if you can get a bay view room.