Smart@IQ is a modern building which is student accommodation most of the time, so is only available to the public during the summer as far as I know. As you'd expect, the rooms are small and quite basic, but are clean, in good condition and have ensuite bathrooms. My single room was, of course, smaller than a twin or double, but was perfectly adequate for my purposes and the bed was very comfortable, with fresh white linen. My room was in a flat of six separate rooms with a shared kitchen/sitting area, so you can cook for yourself and meet other people if you wish. Security seems good too - entry is with an electronic fob, and you need to use it to open the door to the main building, then your flat, then your room. Reception is also manned 24 hours per day.
It's a 15 minute walk to Prince's Street or the Grassmarket, so it's very well placed for sightseeing on foot.
On the downside, the laundry truck comes at about 9.30 each morning, and the noise of the laundry carts being wheeled about is quite intrusive if your room faces onto the central courtyard. On the Saturday morning I was there, the bin men also came at 7.30am, and made even more noise. I doubt if this would be a problem if you had a room on the other side of the building though. Or had earplugs. Also, wifi costs extra (but of course it’s free in the local cafes).
Overall, fantastic value for money. Hard to beat, in my opinion, unless you are spending a lot of time in your hotel, or have a problem with basic accommodation. I would definitely stay here again.
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