During our stay parts of the hotel were still undergoing renovation, but we didn't seem to notice any extra noise. The staff made sure to inform us that there could be extra noise between the hours of 8am and 5pm, however. We got one of the newly renovated rooms and it was lovely! The decor was very tasteful and classic with a modern twist and the beds were very comfortable. The hot tub had jets that were powerful and provided a nice massage unlike most hotel hot tubs I've used recently. The hotel lobby and bar area were beautifully decorated and very welcoming. I really liked how they had a mix of fabrics and textures to make it seem more homey and less matchy matchy.
As for the location, it's just a few blocks from the Old Market and connected by skywalk to the Qwest Center so it's a perfect hotel if you're planning on hitting the downtown night life.