This was our second stay at an Ace (Portland previously). Exactly what we expected it to be. Reclaimed, renovated old character building in quirky Belltown. Great location, easy walk (5-ish blocks) to Pike Place Market, Space Needle, etc. yet lots of interesting restaurants, bars in the neighbourhood.
We got a deluxe room in the back corner (#119) that had a view of the side street and a partial water view. There was a funny divot in the old floor under the carpet. I was finally taller than my girlfriend! Comfortable bed, flatscreen TV, leather couch, free wifi. Rudy's Barber Shop toiletries. The sink didn't have much surrounding counter space.
Note: The windows are double pane but the nature of the old openings means the windows don't fit perfectly which means you will hear traffic noise more than you would expect.
Friendly staff, apparently a free waffle breakfast downstairs.
Its not perfect, but I'd take it's character over some generic mega-chain any day.