The hotel is pretty much brand new, as it only opened during the Olympics. However, it is a bit far from the action, and it takes about 45 minutes to 1 hour by subway to the city center. The room is spacious, and the bathroom got a nice bath. The flatscreen TV is nice too!!
In general, if you do not mind the travelling, it is a good hotel with decent price. It is cheaper than the same quality hotel in the city centre.