Wow, this place definitely deserves a 4 or 5. I can't comment on the price, since I didn't pay for it.
But its located in a nice area, just steps away from the restaurants on King St. If you're thinking of visiting Toronto, this is a good place to stay. The theatre district and clubbing area is just a moment away. The hotel room itself is nice, with a big comfortable bed, and room service all throughout the night.
The shower was my favourite part. It has a huge shower head with low flow, so it feels like rain is gently pooring on your head. I wanted to stay in the shower for hours!
The TV needs an upgrade, that is my only complaint. But it did not ruin my night in the slightest because it is still a fairly decent sized tv.
Highly recommend this place.
Derek