This is a tough one. Pluses: Location, quaint/boutique feel, nice decor, comfortable bed. Negatives: Thin walls, service in the dining room--at least for my breakfast meals--mostly terrible. The prices are high, but for the location probably reasonable. Things I loved: the sounds of live music from the street below coming up into my room. The Old French Quarter feel to the place. We spent much of our time walking the city, and this was a perfect center, one block from the police precinct headquarters. Had we had noisy neighbors in the room next door, it could have been a nightmare, but we were lucky because they talked for a while and then were gone.
Bottom line: I'd stay there again, and would recommend to friends. It's not for everybody.