This is a nice hotel that is in a great location -- two blocks from touristy/schlocky Old Town, five minutes from Mission Bay and Sea World and ten minutes from Balboa Park. Thanks to other reviews, I knew to stay away from the side close to the freeway and I must say that I did not hear any traffic noise at all. I was by the elevator and I didn't hear that either.
The staff was very friendly and attentive. Had a very minor problem with my room phone and I got a very nice email from the manager a day later. The hotel was spotless and they had a nice fire going in the lobby fireplace. They offer free internet services in room, which is a plus.
The room was nicely furnished and adequately sized. The bed was really comfortable and the shower was nice too. The sink area is outside the room with the toilet and the shower, but it was a little cramped. Plenty of towels and pillows.
I didn't get a chance to eat in the hotel. The pool looks fairly small, and the tiny exercise room has a bike, treadmill, eliptical trainer, single weight machine, tv, a/c and water cooler. As other people noted, there is plenty of street parking and about 10 free spots on the hotel grounds so you can avoid the $15 parking fee.
The hotel is a bit pricey, but I think that's the nature of the area. In comparison to what other places are going for in the nearby areas, it seems reasonable. For what it is, it was very nice.