My wife and I stayed here in April, 2016. We were in Toronto for a concert at the Air Canada Center which was a 10-15 minute walk and very direct.
We were able to check into our room around 2 which is shortly before check-in. Person checking us in was very friendly. Cookies were not available, given vouchers, and still no cookies when we returned. We were placed on a special Hilton Honors Member floor which was higher up and free bottled water. Room was clean and a fair size. Fan in the bathroom was loud. Pillows were ok, and the bed itself was pretty good. Wi-fi was slightly above average and free.
Parking...yikes! You are in an underground garage. It is very tight and awkward.
Location. You are right next to Chinatown. Plenty of Tim Hortons around as well as small grocery store. Less than five minute walk to the Eaton Centre. Village Idiot is a nice bar/restaurant also not far. Trolley runs on the street not far away either.
Overall, I would definitely look here during my next visit to Toronto.